Engineering firm Rolls Royce plans to invest £150 million in R&D facilities at its aerospace manufacturing site in Derby.
The experimental test-bed will provide a base for the development of next-generation engines and ensure that at least some of the company’s manufacturing remains in the UK, according to a report in the Financial Times on 29 June.
If realised, the project would be the company’s single biggest investment into the UK for more than a decade. The Financial Times reported that many company employees in Derby feared that the plant would close after financial difficulties and that manufacturing would be moved abroad.