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The UK car industry has been boosted by a major government investment and could create up to 1,700 new graduate jobs and 7,600 apprenticeships in the next five years. In total, it is estimated that the £1 billion investment (half to be supplied by the government and half by the automotive industry) could secure 30,000 jobs over the next decade.

Over 25 companies in the car industry have backed the initiative and together have put up the £500 million required to match the governments investment.

Some of the money will be used to develop an advanced research and technology centre which will provide hundreds of opportunities for apprentices and graduates in the coming years.

Business Secretary, Vince Cable, stressed how important the car industry was to the economy and jobs market: “The UK automotive sector has been incredibly successful in recent times, with billions of pounds of investment and new jobs. This has been achieved by government and industry working together. With the next generation of vehicles set to be powered by radically different technologies we need to maintain this momentum and act now. Our industrial strategy will ensure we keep on working together to make our automotive industry a world leader.”

Are you on the hunt for a graduate job? E4S advertises tons of graduate careers all over the UK and in all sectors of the economy. If you are looking for a graduate career in the automotive industry then you’re in the right place. Likewise, we also list hundreds of vacancies for graduates who want to work in finance, engineering, sales and many, many more sectors. Start a search for your graduate career today from our Graduate Job Search page.