PM welcomes BMW £250 m investment
PM: "A fantastic boost for the workforce and shows we are making real progress in rebalancing the economy."
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The investment will be used to increase production of the Mini at factories in Birmingham, Oxford and Swindon and will safeguard thousands of jobs.
Prime Minister David Cameron said:
I am delighted that BMW has chosen to make such a significant investment in the UK. This demonstrates confidence in British manufacturing, provides a fantastic boost for the workforce, and shows we are making real progress in rebalancing the economy.
Today’s announcement follows last year’s £500 million investment in UK production.