A £4.5 million grant to create up to 460 jobs at a manufacturing facility in Dagenham, Essex, was announced recently by Trade and Industry Secretary Patricia Hewitt.
The Department of Trade and Industry (DTI) grant, Selective Finance for Investment in England (SFIE), has been offered to Ford Motor Company as part of a £169 million investment project to build two diesel engines, creating up to 460 jobs. The project has been secured for Dagenham in the face of strong European competition.
Ford Motor Company employs 335,000 people worldwide, and in 2003 generated revenues of more than $164 billion.
“This is great news for Ford workers and a huge boost to Dagenham this Christmas,” said Hewitt. “It shows the Government’s firm commitment to high-value automotive manufacturing and we have worked hard, along with Ford and the London Development Agency, to make it a reality.”
“This is fantastic news for Dagenham and the wider Thames Gateway, creating several hundred jobs and safeguarding hundreds more,” added Mayor of London Ken Livingstone. “Ford’s substantial investment in the Dagenham plant is also a great boost for London’s business, proving that the capital is still home to manufacturing.”
Last month the DTI awarded GETRAG FORD Transmissions, a Ford partnership, a £5 million grant to build a new six-speed transmission system, resulting in 736 being jobs being safeguarded in Halewood, Merseyside.