Construction equipment manufacturer JCB today announced plans to invest £150M to expand its manufacturing base in Staffordshire.
The firm says the investment will create 2,500 jobs by 2018, which will in turn add a further 7,500 jobs in the UK supply chain.
The plans include a new purpose-built 32,000m2 factory for JCB Cab Systems in Beamhurst, near Uttoxeter, and an 11,700m2 extension to its factory in Rocester to increase hydraulic cylinder production.
Also in the plan is a new 20,000m2 factory in Cheadle to expand earthmovers and compact products operations.
JCB’s announcement coincides with a visit to JCB’s backhoe loader factory by chancellor George Osborne, a day after delivering his Autumn Statement, in which he committed government funding for a major road improvement project on the A50 trunk road in Uttoxeter.
JCB chairman Lord Bamford said: “The chancellor’s announcement of the major A50 road improvement project is good news for businesses in this area. It allows companies like JCB to plan ahead with confidence, knowing that the road network will not constrain business growth and future investment.”
He added: “Our plan to create 2,500 high quality manufacturing jobs locally is clear evidence of the important link between infrastructure improvement and job creation.”