Rishi Sunak was all smiles this morning as he announced Nissan is delivering up to £2 billion of new investment to produce two new electric vehicle models in the Sunderland factory. Report by Czubalam. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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00:00 Well, this is a great day.
00:01 And I'm delighted to be here in Sunderland at the Nissan plant
00:04 to celebrate the fact that Nissan and its partners
00:06 are tripling their investment in the UK to £3 billion.
00:10 This is our largest car plant.
00:13 Its future is safeguarded, protecting thousands of jobs
00:16 and also transitioning to new electric vehicles.
00:18 So it's a huge vote of confidence in the UK
00:21 and in our automotive industry.
00:23 And it's great in advance of the Global Investment Summit
00:26 that we are hosting on Monday,
00:27 where we will be hosting over 200 business and investment
00:30 leaders from around the world, all of whom
00:32 are going to be talking about committing to the UK,
00:34 because it's a fantastic place to do business.
00:37 Companies like Nissan are demonstrating that today,
00:39 protecting and creating jobs across the supply chain.
00:42 So it's great news.
00:43 Well, actually, we've just had a track record now
00:46 of company after company committing to the UK.
00:49 You just mentioned them.
00:50 BMW, Stellantis, Tata, with their largest investment
00:53 outside of India that we announced earlier this year,
00:55 and now here, Nissan in Sunderland,
00:57 our largest car manufacturer.
01:00 All of them committing money to the UK,
01:03 building the next generation of electric vehicles
01:05 here in the UK, creating and safeguarding thousands
01:07 of jobs across the UK.
01:09 All of those companies think we're doing the right thing.
01:11 They actually welcome the changes
01:12 that we made in the autumn statement
01:14 recently to make sure that we cut taxes for businesses
01:17 like this that are investing.
01:18 They think we've got our strategy right
01:20 as we approach net zero.
01:21 And they think this is a fantastic place to be.
01:23 They're all voting with their feet.
01:24 They're putting money into the country.
01:26 They're creating jobs in the country.
01:28 That's a huge vote of confidence in this government's
01:30 economic strategy.
01:31 And you're going to see more of that on Monday.
01:32 We're hosting a global investment summit
01:34 where we're attracting over 200 business and investment
01:37 leaders from around the world.
01:38 And I think that's going to be a very positive day.
01:40 What you're going to hear from those people
01:41 is that UK is a great place for them to invest, do business,
01:45 create jobs.
01:46 And that is a wonderful thing for our country
01:47 and a vote of confidence in what this does.