Prime Minister David Cameron visited the new Cosworth Advanced Manufacturing Centre in Northampton today.
The Conservative leader and secretary of state for Communities and Local Government Eric Pickles were given a tour of the new facility, which was built by Northampton Borough Council and then leased back to the engine manufacturer.
During The Prime Minister’s 90 minute visit to Cosworth, he addressed a group of around 100 staff at the company’s 38,000 sq ft new facility - which will enable the firm to take on 70 more staff.
He said: “What you are doing at Cosworth is exactly what we need more of in our economy.
“You are training apprentices and creating skilled workers, you are designing highly technological and advanced engines.
“You are producing things that are going to be bought and sold all over the country.”
Mr Cameron, added that the company formed is “the perfect example of a British manufacturing success story.”
Councillor David Mackintosh, leader of Northampton Borough Council, said: “I’m delighted that the Prime Minister was able to visit Northampton to take a look at this new facility.
“This project would not have been possible without direct involvement from Northampton Borough Council, the Government, and South East Midlands Local Enterprise Partnership.
“It will create 70 highly-skilled jobs and protect the 175 which already exist, not to mention all those in the company’s supply chain.
“Northampton is right at the forefront of the UK’s economic recovery and we continue to do all we can to ensure it remains there.”
The new 38,000-square-foot facility is situated within the Northampton Waterside Enterprise Zone, and is Cosworth’s sixth building in the town.
State of the art equipment at the new facility will help Cosworth deliver on contracts more quickly than before while keeping costs low and wastage to a minimum.
The facility was funded by Northampton Borough Council and South East Midlands Local Enterprise Partnership (SEMLEP), and has been made available to Cosworth on a leaseback agreement.
The Department for Communities and Local Government helped provide funding towards the cost of the manufacturing machinery.
Cosworth group chairman Kevin Kalkhoven, said: “It has been a privilege to welcome the Prime Minister to Cosworth today and to show him around our new manufacturing centre.”