Over £2 billion worth of investment has gone towards the British motoring industry, which set ground-breaking new records during the first half of 2015.
These achievements have been announced by the Society of Motor Manufacturers and Traders (SMMT) and officials from other organisations involved in the motoring industry.
Together they have taken part in an extraordinary gathering in Greenwich, London, which was held to highlight the recent growth and accomplishments of Britain’s car industry. What they revealed indicates that the British car industry is continuing to grow at an encouraging rate and is overall in good health.
Joining senior executives at the gathering were ten of their most exciting new cars, each built in Britain. Cars brought to the gathering included the Jaguar XF, Range Rover, new Vauxhall Astra and Honda Civic Type-R.
During this gathering it was revealed that much of the £2 billion-plus worth of investment has gone towards Research & Development and production facilities. It has also led to the creation of 4,500 new jobs in the British motoring industry.
There are now nearly 800,000 jobs supported within this particular industry, around 160,000 of which are in the manufacturing sector.
In the first six months of 2015, more cars were produced in the first half of a year since 2008. On average, a new car rolled off a British production line every 20 seconds.
The SMMT also reveals that cars built in Britain account for 11.8 per cent of the country’s total exports, a bigger share than ever achieved before. These exported cars are not only sent to over 100 different countries, but contributed £24.6 billion to the UK economy in the last year alone.
The ten cars present at the industry gathering in London will be in attendance at this month’s Frankfurt Motor Show to promote the growing strength of Britain’s car industry.
