BMW announces £600m investment in Oxford plant
- Posted by: Alan Feldberg
- Category: News
BMW has announced it is investing £600m to transform its Oxford production site into an all-electric factory.
It is expected that this will secure upwards of 4,000 high-skill jobs.
The announcement, which takes BMW’s investment in the UK to more than £3bn since 2000, will see two new all-electric Mini models produced at the site from 2026, the three-door Mini Cooper and the Mini Aceman.
Milan Nedeljkovic, member of BMW’s board of management responsible for production, said: “With this new investment we will develop the Oxford plant for production of the new generation of electric Minis and set the path for purely electric car manufacturing in the future.”
It is understood that the government is supporting the project with a £75m investment.
Business and trade secretary Kemi Badenoch said: “We are proud to be able to support BMW Group’s investment, which will secure high quality jobs, strengthen our supply chains and boost Britain’s economic growth.”