BMW is to build its next-generation electric Mini in Oxford after securing £75m in taxpayer support from the government.
The German-headquartered car giant is set to announce later on Monday details of its £600m investment, which ministers say will secure around 4,000 jobs.
The government said BMW’s impending announcement means total investment into the country’s automotive sector has now topped £6bn over recent years.
Prime Minister Rishi Sunak said: “BMW’s investment is another shining example of how the UK is the best place to build cars of the future.”
He added: “By backing our car manufacturing industry, we are securing thousands of jobs and growing our economy right across the country.”
