Companies such as Aston Martin, Cab Automotive, Ford Motor Company, Jaguar Cars and TRW Systems Ltd will receive funding from the third round of government’s Regional Growth Fund. In all, 130 companies and projects across the UK will be involved.

“News that these automotive companies will benefit from government’s Regional Growth Fund demonstrates that government recognises the importance of our sector and its ability to sustain economic growth and create high-value jobs for the long-term,” said Paul Everitt, SMMT chief executive. “It is vital that industry continues to work collaboratively with government to maximise new opportunities, increase competitiveness and raise awareness of the wealth of job opportunities available.”