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Vince Cable gives £10m regional cash boost to Group Lotus

Business Secretary Vince Cable on a walkabout in Norwich.

The Business Secretary Vince Cable has given a major boost to Norfolk's Lotus Car Factory.

Mr Cable, who was on a walkabout in Norwich yesterday, has announced a deal to provide the Malaysian-owned company with £10m from the Regional Growth Fund.

Lotus says the cash will help keep jobs in Norfolk and develop new models.

Work starts on green manufacturing plant

Work is about to start in Norfolk on a new manufacturing plant specialising in green and renewable technologies.

The faciltiy is being built at the Hethel Engineering Centre just outside Norwich. It is hoped the 40,000 square foot building will create more than 200 jobs. The work is being funded through a £7.8 million European grant.