The south Warwickshire-based luxury car-maker Aston Martin is investing £20 million in new developments, with the creation of 250 jobs.
The 10,000 square metre extension will be the firm’s biggest development at its headquarters in Gaydon in recent history as it looks ahead to projects on creating new sports cars.
The new jobs - to be recruited for over the next few months - will be in a number of areas, including engineering, manufacturing and commerce.
Keith Stanton, Aston Martin’s manufacturing operations director, said: “I am very happy to be able to execute another part of our manufacturing strategy by extending our already highly-efficient facility.
“The improvements at Gaydon are a big step forward and the development will enable us to streamline and finesse our manufacturing processes which, in turn, will allow us to be leaner and even more competitive.”
He added: “We have the vision of being the best producer in the luxury sports car sector and a new facility, along with the support of our flexible, highly-efficient workforce, will enable us to achieve our goal.”
Meanwhile, more than 500 applications have been submitted for the 12 places available in the latest round of the firm’s apprenticeship scheme and 14 graduates will be taken on as employees this year.
Chief financial officer Hanno Kirner said: “We have confirmed that the coming years will see Aston Martin implementing the biggest investment programme in the 101-year history of the brand, with a plan to inject over £500 million into the company’s next generation of high performance sports cars.”
This first round of developments, expected to be complete next year, will include a new chassis and pilot build facility, new offices and an extension of the parts and logistics storage area.