Toyota create 1,500 jobs at the firm's UK Derbyshire factory.

by liamssoft | November 25, 2011 at 12:25 am

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Toyota said it would be investing more than £100m at Burnaston to make it the sole European centre for making its next hatchback.

Prime Minister David Cameron, who visited the factory on Thursday, said it was "fantastic news and a massive vote of confidence for UK manufacturing". Watch video here

www.bbc.co.uk/news/business

Despite a bleak economic picture generally, there were also announcements of 300 new jobs by the Swiss food conglomerate Nestlé at its coffee factory in South Derbyshire, where it will invest £110m in trebling production.

Airbus also announced a further 200 jobs at its base near Bristol. The engineering jobs at a plant, which has enjoyed considerable Government investment, are to help meet demand for the A350 Airbus plane.

Much has been made of Britain's need to rebalance its economy and shift it away from a marked over reliance on financial services.

News of 2,000 new jobs will provide welcome relief to the Government, whose handling of the economy has come under fire with growth continuing to be torpid at best and fears of a second recession rising. The Prime Minister, David Cameron, has sought to make political capital from the Toyota announcement by hailing it as "fantastic news".www.independent.co.uk/news/business