McLaren Automotive will invest £500m to expand its UK manufacturing, engineering and operations.
Increasing vehicle output will ensure the next generation of McLaren Automotive cars are built in Britain, including a newly confirmed performance SUV, which will be made possible by a new vehicle assembly facility.
Nick Collins, CEO of McLaren Group Holdings and McLaren Automotive said: “This investment gives us the platform to grow, develop and build on what makes us distinctive, while investing in the people, technologies and products that will keep us competitive for decades to come.”
For the first time in its history, McLaren Automotive’s future powertrains will be designed and built in-house, starting with two new engines and transmissions.
McLaren Automotive will expand operations at the McLaren Production Centre in Woking and its carbon-fibre manufacturing and research facility in South Yorkshire at the McLaren Composites Technology Centre.
The company recently opened two new UK sites – a design and innovation centre at the McLaren Creation Centre in Bicester, and a testing and vehicle development facility in the Midlands.
The programme will create at least 1,000 new direct and indirect jobs across by 2032.
McLaren Automotive’s manufacturing workforce is set to double in the UK, supported by new apprenticeships to develop the next generation of talent.
Up to 3,000 additional jobs are expected to be created across supply chain.
The investment forms part of a larger commitment from McLaren Automotive shareholder L’IMAD, a sovereign investor of the Government of Abu Dhabi.
Andy Burnham, UK Prime Minister said: “McLaren Automotive 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.
“Their investment will create high-quality apprenticeships, jobs and drive growth far beyond their factory gates. It is how you get skilled work, decent wages and pride back into a 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.
“I want young people to see that and know there is a future for them in making things, wherever they grew up.”
