Bentley Motors, the third largest R&D investor in the UK’s automotive sector, on Monday has received confirmation of a conditional grant allocation of £3 million from the Department for Business Regional Growth Fund (RGF).
This is the second time when Bentley received money from the Government’s RGF. Last time the automaker has received £1.68m to create additional manufacturing jobs and training.
The automaker said that the new grand will help the development of new powertrain application which will enable Bentley to exploit new export markets. In addition, will safeguard over 200 jobs, and will create a small number of additional positions.
“This is a real boost for Bentley which has one of the most highly skilled automotive workforces in the country and, uniquely, has now been awarded two RGF grants. It shows that the Government recognises the importance of Bentley and the contribution we make to high value manufacturing and UK exports”, Bentley Chairman and Chief Executive, Wolfgang Dürheimer, said
The automaker exports over 80 per cent of its local production (over £500m worth of goods every year) and, despite the economic uncertainties, recent investment in new models is already paying dividends as growth continues in all major markets.
This research and development will take place at the Bentley’s Crewe plant