Toyota Joins Succession of Leading Businesses
Investing in Post-Brexit UK
More families moving to the UK for global employers than ever before
Japanese carmaker Toyota recently announced plans to invest £240m in its Burnaston manufacturing plant in Derbyshire, UK. The plant was Toyota's first car manufacturing facility in Europe and rolled its first vehicles off the production line in 1992. Since that time, Burnaston has produced more than four million cars, many of which have been exported to mainland Europe and around the world.
Plans are to upgrade the facilities to enable production of vehicles using the Toyota New Global Architecture (TNGA) platform, the firm’s new system for producing vehicles worldwide. The decision to initiate this upgrade suggests the carmaker sees the UK as part of its long-term future. Additionally, the government is providing £21.3m in funding for training, research and development, and improving the Burnaston plant’s environmental performance.
Business Secretary Greg Clark said, "Our automotive sector is one of the most productive in the world and Toyota's decision to invest £240 million upgrading its Burnaston plant is a further boost to the UK auto sector." He added, "Toyota is one of the world's largest car producers and this inward investment underlines the company's faith in its employees and will help ensure the plant is well positioned for future Toyota models to be made in the UK.
Last year, Nissan pledged to build new models at its Sutherland plant and Honda pledged its full commitment to post-Brexit Britain with a £200m investment.
Such expansions will lead to economic growth with companies hiring new employees; many from overseas. Global relocation company, Saunders 1865, is at the helm of international relocations into the UK, providing VIP-level support to businesses moving their key talent internationally.
Founder and CEO, Tony Coe said, “We are moving more families to the UK from overseas, for more global businesses than ever before. This has to be fantastic news for the UK economy.”
If you are being moved to the UK, or any other global destination, for business reasons, what relocation support and benefits should you expect to receive from your employer? You can find out by speaking to one of our relocation experts. Use this contact form to set that up or call our London office on +44 20 7590 2700