JLR to build battery factory in UK

[Grumps.]

Great news for employment, and being completely clueless, why are the UK government subsidising the costs? Is it to show its dedication to tackle climate change?


https://www.bbc.co.uk/news/business-66237935

[kambites]

It's being subsidised because that's the only way to make it commercially viable to build it in the UK.

[Terminator X]

Good to know the taxpayer is funding this sort of thing whilst the rest of the country turns to ratst.

TX.

[GeniusOfLove]

Every major industrial development everywhere in the world happens with tax incentives, government backed loans, or other similar schemes.

How British to piss all over one of our rare bits of good news. Would you rather these useless turds just gave the money straight to their mates as usual? Or just let them get built abroad so we can continue in our wonderful economy based almost entirely on a few people swindling and everyone else selling each other £5 cups of coffee.

[kambites]

These days multinationals have far more power over governments than vice versa so they will go where they get what essentially amounts to the biggest tax-funded bribe. Welcome to modern capitalism.

[Fast and Spurious]

Excellent news!

[fatboy b]

Fast and Spurious said:

Excellent news!

It’s a shame that Jaguar probably won’t be around to make use of their new factory.

[andy43]

kambites said:

It's being subsidised because that's the only way to make it commercially viable to build it in the UK.

That.

[Watcher of the skies]

GeniusOfLove said:

Every major industrial development everywhere in the world happens with tax incentives, government backed loans, or other similar schemes.

How British to piss all over one of our rare bits of good news. Would you rather these useless turds just gave the money straight to their mates as usual? Or just let them get built abroad so we can continue in our wonderful economy based almost entirely on a few people swindling and everyone else selling each other £5 cups of coffee.

[tamore]

isn't the country of origin stuff at work here too?

[crankedup5]

Great news.

[williamp]

...just days after renault (france, EU) and geely (china) choose the UK for a collaborative fsctory

https://www.bbc.co.uk/news/business-66172158

[Vasco]

Terminator X said:

Good to know the taxpayer is funding this sort of thing whilst the rest of the country turns to ratst.

TX.

You haven't thought this through have you?

[Grumps.]

williamp said:

...just days after renault (france, EU) and geely (china) choose the UK for a collaborative fsctory

https://www.bbc.co.uk/news/business-66172158

Interesting never spotted that article.

No mention of government subsidies though.

[LHRFlightman]

Grumps. said:

williamp said:

...just days after renault (france, EU) and geely (china) choose the UK for a collaborative fsctory

https://www.bbc.co.uk/news/business-66172158

Interesting never spotted that article.

No mention of government subsidies though.

Don't fall for the Govt spin.

All the factories and R&D are abroad. We get the admin.

[tamore]

LHRFlightman said:

Don't fall for the Govt spin.

All the factories and R&D are abroad. We get the admin.

apart from the factories….. that will be operated in the UK.

[king arthur]

williamp said:

...just days after renault (france, EU) and geely (china) choose the UK for a collaborative fsctory

https://www.bbc.co.uk/news/business-66172158

That article says they are locating the headquarters in the UK, it doesn't say anything about a factory.

[jimmytheone]

andy43 said:

kambites said:

It's being subsidised because that's the only way to make it commercially viable to build it in the UK.

That.

Lets face it, if UK gov didnt incentivise this someone else woulda.

Hopefully it will create some momentum for British industry, and creates an EV skills base UK needs.

[Lotobear]

williamp said:

...just days after renault (france, EU) and geely (china) choose the UK for a collaborative fsctory

https://www.bbc.co.uk/news/business-66172158

Wow, that went under the radar, it's a great expression of confidence in the UK after all the Brexit st

[tamore]

would be very hard to build BEVs in accordance with rules of origin without batteries being made in the UK. that's if i've understood it correctly.