Government Secures Jaguar Deal, but LDV Remains on Hold

Strategic Insights -

The UK government has finalised a £43 million aid package that secures Jaguar's new "baby" saloon production for Britain, safeguarding 3,000 jobs and creating hundreds more in the West Midlands. Meanwhile, a similar £40 million grant package for Birmingham van maker LDV, which could bring 2,000 jobs to the city, remains on hold. The government's decision has sparked hope and confidence among LDV officials, who believe the right choice will be made now that the Ford decision has been made.

Key Takeaways:

  • The UK government has secured a £43 million aid package for Jaguar's new "baby" saloon production, which will safeguard 3,000 jobs and create hundreds more in the West Midlands.
  • The deal, part of a £400 million investment, marks the second government grant boost for Coventry-based Jaguar in two years.
  • Birmingham van maker LDV is still awaiting a £40 million grant package, which could bring 2,000 jobs to the city and bolster the motor industry in the West Midlands.
  • LDV officials are confident in their case, citing the Ford decision as evidence that the government will make the right choice.
  • Land Rover has announced a £122 million plan to create 1,200 new jobs at its dealerships, driven by the massive boost in sales following the launch of the new Freelander.

Statistics:

  • The Jaguar deal includes a £43 million aid package and a £400 million investment.
  • The Halewood plant will safeguard 3,000 jobs and create hundreds more in the West Midlands.
  • The LDV deal could bring 2,000 jobs to Birmingham.
  • Land Rover's new Freelander model is expected to boost dealership sales by 70%.
  • Land Rover's £122 million plan will create 1,200 new jobs at its dealerships.

Sources:

  • Tony Blair, pounds 43 million aid package for Jaguar
  • Ford, Halewood plant wins X400 production
  • LDV, pounds 40 million grant package on hold
  • Land Rover, £122 million plan to create 1,200 new jobs
  • Evening Mail, Exclusively revealed Land Rover's £122 million plan in November