A great week of investment in Brexit Britain

As Brexit Britain looks to unlock its economy following more than a year of uncertainty, The Foxhole brings you a number of good economic news story from across the United Kingdom that were signed off this week.

In Derby, Rolls-Royce officially opened the world’s largest and smartest indoor aerospace testbed. Testbed 80 is the result of a £90m investment and three years of construction. Business secretary Kwasi Kwartend was in attendance to announce the project open.

Rolls-Royce chief executive Warren East said: “This incredible piece of infrastructure is a very visible sign of our commitment to this site and secures the future of Derby as the home of large engine development, continuing a history that began in the late 1960s with the RB211.”

Business secretary Kwasi Kwarteng said: “This testbed here in Derby shows that the UK remains a global leader in aeroengine technology. I’m proud that we’re supporting Rolls-Royce’s development of the highly-efficient UltraFan engine, as well as investment in green and cutting-edge aerospace technology here in the UK that will create high-skilled, well-paid jobs for decades to come.”

Defence minister Jeremy Quin was in Stockport to formally open the new production line for the British Army’s latest armoured vehicle, the Boxer. Speaking at the event at WFEL, Mr Quin said: “Our Boxer programme is playing a significant role in boosting prosperity, supporting skills, protecting over 1,000 jobs across the North West, North East, West Midlands, central Scotland, Wales and throughout the UK wider supply chain.

“This new production line is creating 120 new jobs at WFEL, further cementing our investment in UK innovation and expertise.”

Robertson has been awarded an £18m contract by SAICA Group to construct a new packaging production facility in West Lothian. SAICA is consolidating its Scottish operations with a £50m plant in Livingston.

Italian tissue manufacturer ICT is to establish a new base in Deeside, north Wales in a move that will create 229 jobs. Construction of the new base is expected to start early 2022 after receiving £5m in government funding.

A spokesman for the firm said: “ICT has carried out a very thorough feasibility study of potential sites all over the UK during the last three years and we are more than pleased with our final choice to make Deeside our new home and to expand our business footprint to north Wales and to the UK.”

American company Innova Medical will create 300 jobs when it sets up its first rapid Covid-19 lateral flow test-making factory in south Wales. It is expected to produce 1.2 million testing kits each day.

Cleaning products manufacturer Astonish will more than double is capacity with a £20 million investment into a new production facility in Bradford. The business which supplies the likes of Home Bargains, Asda, Morrisons and Iceland will enjoy double the floorspace when opening a 120,000 sq ft warehouse later this year.