Cars drive jobs growth
4,000 new jobs are to be created in Coventry after Jaguar Land Rover announced it will be building a new multi-million pound research and development centre. That’s not all as the new centre is expected to indirectly lead to another 7,000 to 11,000 new jobs further along the supply chain. The car giant has shelled out £20m to acquire 40 acres of land right next to the site of its global headquarters in Whitley, effectively doubling its capacity. The plan is for all of Jaguar’s research and development, including the building of prototypes, to take place at the facility in Coventry.
This is the latest in a string of good job news for Coventry and follows Chinese firm Geely’s announcement that it will be investing £150 million to build its global London Taxi Company headquarters on the outskirts of the city. The new state of the art factory will also assemble electric vehicles including the latest version of the London taxi. Taxi!