Published on November 2nd, 2011 | by Seán Ward0
Bentley Secures £3 Million Grant
This is the second time this year Bentley has been successful with the Government’s RGF, having received £1.68m in the first round to create additional manufacturing jobs and training.
The grant will allow Bentley to develop new technologies suitable for different overseas markets, and safeguard over 200 jobs, as well as create new jobs in the 900-strong engineering department.
Speaking about the grant, Bentley Chairman and Chief Executive, Wolfgang Dürheimer, said: “This is a real boost for Bentley which has one of the most highly skilled automotive workforces in the country and, uniquely, has now been awarded two RGF grants. It shows that the Government recognises the importance of Bentley and the contribution we make to high value manufacturing and UK exports.
“Our customers expect the very best in terms of exclusivity, technology, quality and engineering excellence which requires significant ongoing investment in R&D. This is why we retain such a strong engineering capability exclusively for Bentley here in the UK. This grant will help safeguard those operations as we look to develop new powertrains which appeal to new markets and new customers.”
Business secretary Vince Cable said: “This is a very significant boost to local communities, and the Regional Growth Fund will help businesses like Bentley drive local growth.”
Bentley’s global sales to September 2011 increased by 30% on the same period last year with 4759 cars delivered to customers.