It's hoped the Toyota car being built in Derbyshire will safeguard jobs; welcome news for the car giant which has had a series of recalls.
Toyota has been at their plant in Burnaston in Derby for 20 years. Today, the Japanese car maker is celebrating its time in the city.
Toyota is celebrating its 20th anniversary at its Burnaston plant in Derbyshire.
Deputy Prime Minister Nick Clegg is holding a Q&A session with workers at the Toyota plant at Burnaston in Derbyshire.
It is one of more than 100 organisations in England to receive cash from the Government to boost jobs and fuel business expansion.
Nick Clegg is at the factory in Burnaston today to announce a £6.3 million grant.
Deputy Prime Minister Nick Clegg will be at Toyota in Derbyshire today to announce a Regional Growth Fund of £6.3 million.
- The Regional Growth Fund (RGF) is a fund created to safeguard jobs, it supports projects and programmes that are using private sector investment to create economic growth and sustainable employment
- The first three rounds of the RGF have supported specific sectors such as: aerospace, automotive, energy and life sciences
- At the latest Spending Round the Treasury announced £600 million funding for the RGF in both 2015-16 and 2016-17 to support projects to create economic growth and maintain private sector employment
Deputy Prime Minister Nick Clegg said the Regional Growth Fund is "all about" creating jobs.
Since 2010, the Coalition Government has created 1.3 million jobs in the private sector, he added.
– Deputy Prime Minister Nick Clegg
The Regional Growth Fund is exactly what this country needs to go for growth - from family-run Cartwright Group in Manchester who are now expanding to create 300 jobs and train up to 30 apprentices every year for the next three years, to Toyota who will use the money to help increase their ability to develop and produce new generations of Toyota cars right here in the UK, securing jobs and creating opportunities for the future.
Deputy Prime Minister Nick Clegg will be in Derbyshire today to announce that Toyota will get a £6.3 million grant from the Government.
More than 3,000 people work at its factory at Burnastone in Derbyshire, ministers say the money will help the firm secure jobs and create further growth.
The Liberal Democrat leader will also visit the Rolls-Royce Apprentice Academy.
The Deputy Prime Minister will be in the Midlands today where he will announce the successful bids in the fourth round of the Government's Regional Growth Fund.
Nick Clegg will visit Toyota in Burnaston in Derbyshire as part of his trip.
The company will receive £6.3 million which is said will secure jobs and provide opportunities for the future.
Mr Clegg will also visit Rolls-Royce.
Toyota has begun production of a new estate car at its factory in Derbyshire safeguarding thousands of jobs. It's investing nearly 200 million pounds in the plant to build the Auris Touring Sports.
The company has had to recall millions of vehicles in recent years. But managers are confident they've put their problems behind them. Peter Bearne reports.
Staff at Toyota's assembly plant in Derbyshire are due to see the new model they will be making for the Japanese car firm.
The Auris Touring Sports is the first full hybrid estate vehicle in its class.
Production of the vehicle will secure jobs at the Burnaston plant for at least a decade.
It will also benefit many more companies who supply parts to Toyota.
The car is set to be unveiled in the next 10 minutes.
Production begins today on Toyota's new Auris Touring Sports car at their Burnaston plant in Derbyshire. Toyota says the car will go on sale in some parts of Europe in July. The car is the first full hybrid estate vehicle and will be built for Europe exclusively in the UK.
The new car will be available in full hybrid, petrol and diesel variants.