The Department for Transport has announced it is to make a £35 million investment into supporting the automotive sector of the Midlands.
A £45 million pledge has been made to create a new link between the Whitley South business zone and the existing Jaguar Land Rover engineering centre and HQ, with the development set to provide an additional 3,000 automotive jobs when complete.
The additional £10 million needed to make this scheme possible will be provided by Coventry City Council.
Overall, the new 24-hectare Whitley South Infrastructure Project will aim to provide enhanced growth opportunities for local businesses, as well as create a range of highly-skilled engineering and manufacturing jobs in the years ahead.
Responding to the news, Jonathan Browning, chairman of the Coventry and Warwickshire Local Enterprise Partnership (CWLEP), said: "This is very good news for Coventry and Warwickshire and allows us to further build on the success that has been achieved by our advanced manufacturing sector.
"This announcement is another major step in helping drive forward our economy and again will help stimulate development and growth in key areas."
Work as part of the development of the new business zone has been given the green light by business and energy secretary Greg Clark, with the scheme to receive the full support of Warwick District Council, Coventry City Council and the CWLEP as it moves ahead.
Posted on 8th September 2016
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