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Minister Nusrat Ghani welcomes £4bn investment in UK gigafactory

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Thursday, 20 July, 2023
  • Westminster News
No10

Nusrat Ghani, Minister of State for Industry and Economic Security at the Department of Business & Trade and Minister of State for the Investment Security Unit at the Cabinet Office, has welcomed the announcement that Tata Group will invest over £4 billion in a new UK gigafactory which will create thousands of jobs.

The UK has been chosen as the home of Tata Group’s first gigafactory outside India, in a move set to create thousands of jobs and bring a huge boost to the UK’s automotive sector.

Tata Group confirmed the UK had secured one of the largest ever investments in the UK auto industry. The gigafactory will secure UK-produced batteries for another Tata Sons investment, Jaguar Land Rover, as well as other manufacturers in the UK and Europe.

The new gigafactory, at 40GWh, will be one of the largest in Europe. It will create up to 4,000 highly skilled jobs, as well as thousands of further jobs in the wider supply chain for battery materials and critical raw minerals, helping grow the economy and take forward the UK’s commitment to net zero.

Nusrat Ghani said: “As the Minister for Industry responsible for the automotive sector and Chair of the Automotive Council, I am proud that after months of negotiations, Britain will become the home of Tata Group’s first European gigafactory. The investment of over £4 billion is fantastic news and a huge boost to our automotive sector, which will fast track EV production, help grow our economy by driving forward our lead in battery technology, and create thousands of new jobs in the industry.”

 

The investment of over £4 billion represents a historic moment for the UK’s growing electric vehicles industry. The new gigafactory will supply JLR’s future battery electric models including the Range Rover, Defender, Discovery and Jaguar brands, with the potential to also supply other car manufacturers. Production at the new gigafactory is due to start in 2026.

This investment will be crucial to boosting the UK’s battery manufacturing capacity needed to support the electric vehicle industry in the long term. With an initial output of 40GWh it will also provide almost half of the battery production that the Faraday Institution estimates the UK will need by 2030.

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