Lotus secures £10m grant to create new jobs

Time 11:20 am, November 26, 2013

29048_Dr-Vince-Cable-MP-Lotus-Cars-25_11_13_1a_353x248LOTUS has secured a major £10m government grant creating new jobs and facilities.

The British sports car brand was awarded a £10.44m grant from the Regional Growth Fund, which will be used to enhance research, product development and staff training. It follows a £100m investment by its owners DRB-HICOM, which saw the company improve its engineering, productivity and quality earlier this year

Aslam Farikullah, chief operating officer at Lotus, said: ‘This grant is part of a wider strategy for Lotus created to ensure we thrive and grow. We are responding to increased global demand for our cars and engineering consultancy services and this grant will help to position Lotus at the forefront of global automotive innovation.

‘We have very exciting plans for our sportscars and it’s a very positive move for Lotus that we’re in a position to create new jobs and to significantly contribute to Britain’s automotive industry.’

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