Work to start on new plant next month after car parts firm announced the expansion plans.
A Coventry car parts firm has announced plans to build a new factory in the city – creating nearly 500 new jobs.
Brose UK will start work on its new state-of-the-art plant on industrial land near its base in Colliery Lane, Exhall, next month.
The plant is part of a £34.8million investment by the company and will create 372 in-house jobs by 2021 – with a further 74 in the UK supply chain.
Brose UK, which supplies car door, window and seat parts to firms like Jaguar Land Rover, Toyota, Volvo and Nissan, has been awarded £3million from the Regional Growth Fund to support its expansion plans.
The cash boost, which was announced yesterday by Business Secretary Vince Cable, will be used to support the capital costs of building and equipping the new factory.
During a visit to the company Dr Cable said: “Brose is a very good German company in Coventry which is going to add almost 400 staff to its business.
“It was successful in its bid because it is a high quality firm, it has a good reputation and is well regarded by its customers in the car industry.”
The new factory, which is expected to open early next year, will be responsible for delivering lightweight seat structures directly to three car makers in the UK.
A number of the new recruits will be apprentices and graduates as part of the company’s commitment to create the engineers and manufacturing professionals of the future.
Juergen Zahl, Brose UK’s managing director, said: “The £34.8million investment is a clear indication of Brose’s commitment to Coventry, the West Midlands and the UK supply chain.
“Building work on our new manufacturing plant will start at the beginning of March – really we have been waiting for this decision from government in regards to the funding and now we will start work as soon as possible.
“We are delighted to be creating these jobs in Coventry, which takes our workforce in the city to around 1,000. It will make Coventry one of our biggest locations in Europe.”
Meanwhile Nuneaton-based MIRA (Motor Industry Research Association) has announced plans to expand its new Technology Park after getting the green light from the Government.
The decision will pave the way for an additional 250,000 sq ft of work space for cutting-edge research and development.
Today’s announcement comes as it was confirmed global giants GKN, Continental and Goodyear are set to move to the park while Swedish company Haldex also opened its new building today.