SMMT statement on McLaren announcement

Mike Hawes, SMMT Chief Executive, said, McLaren's £500 million investment and creation of 1,000 new jobs is a major boost to the UK and evidence of automotive's ability to deliver skilled, high value jobs, economic growth and innovation. This commitment strengthens our position as a global leader in high-performance automotive design, engineering and advanced manufacturing, anchoring new products, skills and technologies in Britain. It further underlines the UK automotive sector's strong fundamentals on which we must build with the right competitive conditions to deliver long-term growth.