SMEs invest £22m into Northern vehicle industry

INVESTMENTS totalling £22m were made by Northern automotive supply base and niche vehicle manufacturing companies – all SMEs - during 2015.

This contrasts to a similar survey conducted just one year earlier when investments totalling just above £7.5m were made. The latest figures equate to an increase in investment of around 300%.

In addition, at least 341 jobs were created by automotive SMEs in the Northern region during 2015 – compared to 237 jobs during 2014.

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