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<\/p>\nLee Anderson has hailed “more proof that we can succeed outside the EU” after BMW announced a \u00a3600 million UK investment.<\/p>\n
The German manufacturer confirmed the bumper investment to prepare its Mini factory in Oxford to build new electric cars after securing Government funding.<\/p>\n
BMW said it will transform the plant to enable production of two new electric Mini models which will begin in 2026.<\/p>\n
Mr Anderson, the deputy chairman of the Conservative Party, hailed the move.<\/p>\n
He said: “Brexit booming Britain. Remember when they said Brexit would kill off car production in the UK? I do…. More proof that we can succeed outside the EU.”<\/p>\n
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Prime Minister Rishi Sunak said the Government is securing jobs and growing the economy “by backing our car manufacturing industry”.<\/p>\n
He added: “BMW’s investment is another shining example of how the UK is the best place to build cars of the future.”<\/p>\n
Business Secretary Kemi Badenoch visited the site earlier today for the investment announcement.<\/p>\n
She said: “This decision is a big vote of confidence in the UK economy and the work of this Government to ensure the continued strength of our world-leading automotive sector.<\/p>\n
“We are proud to be able to support BMW Group’s investment, which will secure high-quality jobs, strengthen our supply chains, and boost Britain’s economic growth.”<\/p>\n
BMW will invest a total of \u00a3600 million at the Oxford site and another Mini factory in Swindon, Wiltshire, where vehicle body panels are made.<\/p>\n
Addressing Ms Badenoch in a speech at the Oxford plant, BMW Group board member Dr Milan Nedeljkovic said: “Without your support, this transformation would not be possible. This was the right move at the right time.”<\/p>\n
The announcement is the latest boost for the British car industry, with figures last month suggesting production increased by almost a third compared with a year ago.<\/p>\n
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