Lee Anderson hails ‘extra proof we will succeed exterior the EU’ after automobile business increase | Politics | Information

Lee Anderson has hailed “extra proof that we will succeed exterior the EU” after BMW introduced a £600 million UK funding.

The German producer confirmed the bumper funding to arrange its Mini manufacturing facility in Oxford to construct new electrical automobiles after securing Authorities funding.

BMW mentioned it should remodel the plant to allow manufacturing of two new electrical Mini fashions which can start in 2026.

Mr Anderson, the deputy chairman of the Conservative Get together, hailed the transfer.

He mentioned: “Brexit booming Britain. Bear in mind after they mentioned Brexit would kill off automobile manufacturing within the UK? I do…. Extra proof that we will succeed exterior the EU.”

Prime Minister Rishi Sunak mentioned the Authorities is securing jobs and rising the economic system “by backing our automobile manufacturing business”.

He added: “BMW’s funding is one other shining instance of how the UK is one of the best place to construct automobiles of the long run.”

Enterprise Secretary Kemi Badenoch visited the location earlier at the moment for the funding announcement.

She mentioned: “This resolution is a giant vote of confidence within the UK economic system and the work of this Authorities to make sure the continued energy of our world-leading automotive sector.

“We’re proud to have the ability to help BMW Group’s funding, which can safe high-quality jobs, strengthen our provide chains, and increase Britain’s financial progress.”

BMW will make investments a complete of £600 million on the Oxford website and one other Mini manufacturing facility in Swindon, Wiltshire, the place automobile physique panels are made.

Addressing Ms Badenoch in a speech on the Oxford plant, BMW Group board member Dr Milan Nedeljkovic mentioned: “With out your help, this transformation wouldn’t be attainable. This was the correct transfer on the proper time.”

The announcement is the newest increase for the British automobile business, with figures final month suggesting manufacturing elevated by virtually a 3rd in contrast with a yr in the past.