The British car brand plans to expand its research and development site in South Yorkshire, and to open a new factory in the UK through the investment.
asserted
brand → plan → investment
The Government is keen to sell the investment as a win for Britain, which faces a precarious economic situation in part due to global turmoil caused by the wars in the Middle East and Ukraine.
asserted
which → sell → East
Earlier this week, Chancellor John Healey welcomed business leaders to Downing Street to discuss steps to create economic growth and create new jobs across the country.
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Healey → welcome → country
Mr Reynolds said it was the “biggest investment in our car industry in the post-war era” and feeds into the Prime Minister’s pledge to reindustrialise Britain.
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it → say → Britain
Speaking from Woking, he said: “The Prime Minister has talked about bringing growth to every postcode.
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Minister → speak → postcode
It’s one of the central ambitions of the government.
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It → ’ → government
“A Britain that does that and believes in itself again.
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that → do → itself
And I for one welcome his confidence and his optimism.
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I → welcome → confidence
“But I want to thank McLaren for playing a key part in that mission, for proving that the UK is and will remain a great car-making nation.
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UK → want → mission
“Sometimes we make the fastest cars in the world, and McLaren certainly has.
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McLaren → make → world
“But in my mind, we always make the best.
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we → make → best
And while I am Secretary of State, I can promise you this: I will do all I can to help you succeed now and in the years to come.”
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you → promise → years
Mr Reynolds said he was about 12 years old when the McLaren F1 made its debut, describing it as “one of the most exciting things I’d ever seen”.
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I → say → things
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He added: “I may be willing to tell you that I might have had a poster on my bedroom wall of a McLaren F1, maybe not the only person here.
uncertain
I → read → F1
But I genuinely remember the buzz, the excitement, also the pride in a British supercar being the fastest in the world.
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supercar → remember → world
“I definitely wanted one, I’ve got to tell you that’s something I haven’t yet fulfilled in my life.”
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I → want → life
In his first public engagement since the death of his father Mr Burnham toured the McLaren factory.
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Burnham → tour → factory
He chatted to workers and apprentices before posing behind the wheel of a W1 supercar, as a member of staff talked him through its features.
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member → chat → features
Mr Burnham welcomed the announcement, and said it was a “huge vote of confidence in Britain from McLaren, one of our world class manufacturers”.
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it → welcome → manufacturers
He added “It’s wonderful to see the investment they have been making here and in Rotherham, and it’s a sign of confidence long-term in the British economy.”
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it → add → economy
The Prime Minister had earlier said: “McLaren is doubling down on Britain, keeping the design, the engineering and the building of every future car here, and taking on a thousand more people to do it.
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McLaren → say → it
“Their investment will create high-quality apprenticeships, jobs and drive growth far beyond their factory gates.
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investment → create → gates
It is how you get skilled work, decent wages and pride back into a place.
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you → get → place
“It’s this kind of partnership between government and business that will help us reindustrialise communities and make every part of Britain better off.
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part → ’ → Britain
“I want young people to see that and know there is a future for them in making things, wherever they grew up.”
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they → want → things
Nick Collins, chief executive officer of McLaren Automotive said the investment in UK operations would deliver three things.
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investment → say → things
“Firstly, we’ll expand vehicle assembly in the UK as we broaden our portfolio and launch a new generation of models.
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we → expand → models
“Secondly, for the first time in our history, we will build our future engines in-house, and finally, it will scale the McLaren Composites Technology Centre in South Yorkshire, home to our world-leading carbon fibre development.”
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it → build → development