Investment and innovation in automotive industry is bringing social benefits and productivity gains

Recently BBC News quoted former Volkswagen president and now head of the Coventry and Warwickshire Local Enterprise Partnership, Jonathan Browning, as saying foreign investment was key to the region’s spectacular recovery – something that has lead to the lowest unemployment rate for 30 years and the region becoming the "brains" of the UK vehicle industry.

UK cars becoming increasingly British

Britain's automotive industry is still going strong. In 2014 the UK built over 1.6m cars and 2.5m engines, of which exports accounted for 80 per cent of production. With the nation being the second largest producer of premium cars in the world, the opportunity for automotive suppliers to invest in the UK has never been more valuable, offering local sourcing of components that UK vehicle makers require.