Since the AIO was established in June 2013, it has attracted more than £1 billion of foreign investment into the UK auto sector and supported over 250 projects, it added.
The AIO has been designed to create a network of leading industry professionals and government expertise to identify specific growth opportunities in the UK automotive supply chain. As a result, the amount of British-made components being used by car manufacturers in the UK has increased to 41% in 2015, from 36% in 2011.
Businesss secretary Sajid Javid (pictured) said: “Our diverse auto sector, which covers everything from car manufacturers to tractor spare parts, is one of the shining lights of our economy and we have been particularly successful at exporting high-value, high-technology vehicles all over the world.”
He added: “Government can help suppliers and manufacturers engage directly with potential buyers and investors across the globe, but the job creation and growth we have seen in the auto sector is ultimately testament to the innovation of our firms and the skills of their workforce.”
Specific investments the AIO helped achieve are said to include:
- £30 million investment by Brose Group to extend its Coventry plant and create 300 jobs after winning a contract to supply electric window systems for the new Nissan Qashqai model (September 2015).
- £9m investment by Lear Corporation in its Sunderland foam manufacturing facility for car seats which created 100 new jobs (September 2014).
- £15m investment by TRW in its Houghton-le-Spring plant to build next-generation power steering motors which created 149 new jobs and safeguarded a further 146 jobs (January 2013).
