The BMW group has announced that it will invest a further £250M in its United Kingdom manufacturing operations by the end of 2015. The investment is made to support the company's international growth strategy for the MINI brand with increasing production volumes and gradually introducing up to 10 different models in their line-up, most probably including the MINI Paceman and the MINI Beachbomber. It will cover its manufacturing plant in Oxford, steel body pressings operation at Swindon, and engine plant at Hams Hall near Birmingham and is expected to create jobs for the 5,500 UK associates working in the so-called MINI UK Triangle plants.
“A year ago we announced a further investment of £500m in our UK production network by 2014 and today we are announcing an additional £250m, taking us through to 2015. This brings the total to £1.75 billion since 2000,” said Harald Krueger, Member of the Board of Management BMW Group. “Over the last eleven years, MINI has been a unique global success and the BMW Group has even greater plans for the future development of the brand. Plant Oxford has played a major role in this with cars being exported to over 100 countries around the world. This additional investment is great news for all our employees in the UK and shows the BMW Group’s commitment to Britain as a vital manufacturing base for us.”
As the volume and variety of the MINI model line-up grows, there will be additional production requirements for engines and body panels from the BMW Group’s specialist UK facilities in Hams Hall and Swindon. Part of the new investment is to develop specific production facilities to meet these requirements.
Dr Vince Cable addressed company employees at Oxford, warmly welcoming the new investment, "BMW’s ambitious plans for MINI will ensure its UK sites at Oxford, Swindon and Hams Hall remain at the centre of MINI production worldwide. The investment of £250 million in addition to the £500 million last year demonstrates BMW’s commitment to the UK and safeguards jobs for the future."