Toyota has announced plans to invest £240m in its UK manufacturing plant at Burnaston in Derbyshire.
Published on 17 March 2017
The Japanese carmaker's investment will allow production of vehicles using its new global manufacturing system.
More than £21m of the total investment has been provided by the government for training, research and development.
Dr Johan van Zyl, president and chief executive of Toyota Motor Europe, said:
"Our investment demonstrates that, as a company, we are doing all we can to raise the competitiveness of our Burnaston plant in Derbyshire.
Continued tariff-and-barrier free market access between the UK and Europe that is predictable and uncomplicated will be vital for future success."
Business and Energy Secretary Greg Clark added:
"Our automotive sector is one of the most productive in the world and Toyota's decision to invest in upgrading its Burnaston plant is a further boost to the UK auto sector. I also welcome the prospect of investment to take Toyota New Global Architecture into the supply chain.
Toyota is one of the world's largest car producers and this inward investment underlines the company's faith in its employees and will help ensure the plant is well positioned for future Toyota models to be made in the UK."