Group Lotus announced today that it has received a multi million Regional Growth Fund from the British Government. The British Department for Business, Innovation and Skills (BIS) confirmed today that Lotus will receive the money, which must be invested in order to create jobs and secure long-term growth in the South Norfolk region of Britain. Lotus will use this money to fund their research and development needs for their future product line-up. Lotus also announced today that the grant would benefit 162 other projects, currently planned by Lotus.
Group Lotus Chief Executive Officer, Dany Bahar said: "This is great news for all those concerned about Group Lotus moving production overseas, to say that we’re pleased with the result would be
an understatement. We are an authentic British automotive manufacturer with an incredible heritage and an exciting future ahead, this funding will play a role in assisting with the realization of our business plan to produce a new range of sports cars with best in class performance and emissions.
We would like to thank everyone for their support during the bid process. The local authorities, MPs and the local enterprise partnership have all played a role in helping us secure this funding – we’re very grateful, it’s nice to know people feel strongly enough to act on our behalf."
