Lotus lands £10m government grant

Lotus lands £10m government grant

Lotus is to create hundreds of new jobs after securing a multi-million pound grant from the government.

The British car manufacturer has been awarded £10.44 million from the Regional Growth Fund, which it will invest in the creation of 313 new full-time jobs to support production over the coming years.

It will also put the money towards the research and development of new products, as well as staff training.

"This grant is part of a wider strategy for Lotus created to ensure we thrive and grow," said Aslam Farikullah, Chief Operating Officer at Lotus.

"We are responding to increased global demand for our cars and engineering consultancy services and this grant will help to position Lotus at the forefront of global automotive innovation."

Lotus has already enhanced its engineering, productivity, efficiency and quality over the last few months thanks to a £100 million investment from owners DRB-HICOM.

It previously announced in July that is was recruiting for more than 130 new jobs.

Copyright Press Association 2013