"We filled the vacancy the next day"
£10m government investment 'will secure recruitment of engineering staff'
A £10 million investment in electric car technology is set to see an increase in the recruitment of engineering staff in the UK.
The government has offered the loan to Tata Motors' European Technical Centre, which will be combined with £25 million of funding from the firm's own pot.
Alongside creating green jobs, is intended the injection will form part of Britain's move towards a low-carbon economy and slash emissions from petrol-guzzling vehicles.
Commenting, business secretary Lord Mandelson said the agreement was mutually beneficial, stating it was reciprocating Tata's support for UK industry.
"This loan will strengthen our electric vehicle manufacturing expertise, securing and creating high- value engineering jobs in the West Midlands," he remarked.
The move follows government investment in auto manufacturing earlier this year, which saw £151.1 million ploughed into the sector.
Rolls-Royce was among the recipients of the cash, which is to be spent on civil nuclear facilities and aerospace technology.
By Will Turner
The government has offered the loan to Tata Motors' European Technical Centre, which will be combined with £25 million of funding from the firm's own pot.
Alongside creating green jobs, is intended the injection will form part of Britain's move towards a low-carbon economy and slash emissions from petrol-guzzling vehicles.
Commenting, business secretary Lord Mandelson said the agreement was mutually beneficial, stating it was reciprocating Tata's support for UK industry.
"This loan will strengthen our electric vehicle manufacturing expertise, securing and creating high- value engineering jobs in the West Midlands," he remarked.
The move follows government investment in auto manufacturing earlier this year, which saw £151.1 million ploughed into the sector.
Rolls-Royce was among the recipients of the cash, which is to be spent on civil nuclear facilities and aerospace technology.
By Will Turner