Caterpillar set to invest £50m in UK manufacturing facilities

Caterpillar’s Building Construction Products Division is to invest £50m in its UK manufacturing facilities for new products and expanded production facilities in Leicestershire and Stoke-on-Tees.

The news follows Caterpillar’s recent announcement to create 300 permanent jobs across the East Midlands and North East regions of the UK.

Business minister Mark Prisk said: ‘It’s manufacturers such as Caterpillar and its UK supply chain that will help us rebalance the economy, create jobs and encourage sustainable economic growth that benefits the whole country.’

Caterpillar said its UK manufacturing facilities employ more than 2,000 people and since 2010 has increased this workforce by more than 70 per cent.