From Yahoo Finance · · 1m 40s
McLaren invests £500m to build its future in Britain
The supercar maker commits to UK manufacturing, new models, and 1,000 jobs by 2032.
In brief
The supercar maker commits to UK manufacturing, new models, and 1,000 jobs by 2032. McLaren is doubling down on Britain with a half-billion-pound investment to expand manufacturing, design new powertrains in-house, and create over 1,000 jobs across its UK operations. Originally reported by Yahoo Finance.
McLaren commits £500m to UK expansion
The supercar maker will invest half a billion pounds to expand manufacturing, engineering and operations across Britain, backed by Abu Dhabi's sovereign wealth fund L'IMAD.
New assembly plant and performance SUV
McLaren will build a new vehicle assembly facility in the UK to increase production, including a newly confirmed performance SUV model that marks the company's entry into new categories.
In-house powertrains for the first time
McLaren will design and build its own engines and transmissions for the first time in company history, starting with two new units to support its hybrid engine strategy.
Expanding across five UK locations
McLaren will expand its Woking headquarters, South Yorkshire carbon-fibre facility, and recently opened sites in Bicester and the Midlands, creating an integrated UK operation from design to manufacturing.
1,000 new jobs by 2032
The investment will create at least 1,000 direct and indirect jobs across McLaren's UK operations by 2032, with the manufacturing workforce doubling and new apprenticeships supporting talent development.
“This investment gives us the platform to grow, develop and build on what makes us distinctive.”
Supply chain boost for British auto
Up to 3,000 additional jobs are expected across the supply chain, strengthening the UK automotive sector and boosting exports while securing critical intellectual property in Britain.
Government backs reindustrialisation effort
UK Prime Minister Andy Burnham praised the investment as a model partnership between government and business that will bring skilled work and pride back to communities across Britain.
“It is how you get skilled work, decent wages and pride back into a place.”
In short
McLaren is doubling down on Britain with a half-billion-pound investment to expand manufacturing, design new powertrains in-house, and create over 1,000 jobs across its UK operations.
