BMW’s Oxford plant, Swindon steel body pressings operation, and Birmingham engine plant will get the injection.
The move strengthen BMW’s plans to increase output of the Mini – up to ten new models are targeted over the next few years.
The £250m boost builds on June 2011′s £500m UK investment and will create financial security for over 5,000 workers connected to the country’s MINI production network.
Harald Krueger, Member of the Board of Management BMW Group, commented:
“Over the last decade, 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.”
Secretary of State of Business, Innovation and Skills, Dr. Vince Cable added:
“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.”
The investment will create additional production capacity for MINI sales. Krueger explained:
“Our preferred option is to establish a contract manufacturer as a satellite production as close to our UK operations as possible, at the Nedcar plant in The Netherlands, with whom BMW is in discussions. Oxford will provide special MINI production expertise for any new operation, particularly in dealing with the high complexity and customer individuality which MINI demands and in operating state-of-the-art, multi-model production lines. Just as Munich is the centre of the BMW world, Oxford is and will remain the home and the heart of MINI.”
An Oxford Economics report has confirmed that:
- The BMW Group contribute £1.2 billion each year to UK GDP
- For every £1 contributed by BMW, £2.20 in GDP is created across the UK
- BMW Group supports over 46,000 UK jobs
- 80 per cent of MINIs and 90 per cent of Rolls-Royce are exported
- £2.4 billion worth of cars/engines are exported each year – one per cent of all exports by UK companies