UK promised Nissan 80 million pounds of support for 2016 auto investment

2018 Nissan Armada Platinum

UK promised about 80 million pounds ($104 million) in support to Nissan in 2016 as part of a significant investment by the Japanese automaker in its British car plant just four months after the Brexit vote, the Financial Times reported on Monday.

In a letter from business minister Greg Clark to then Nissan CEO Carlos Ghosn, the British government also promised to safeguard the car sector as Britain exists the European Union.

“It will be a critical priority of our negotiations to support UK car manufacturers, and make sure their ability to export to and from the EU is not adversely affected by the UK’s future relationship with the EU,” the letter states, according to the FT.

“In any circumstance, the government will ensure that the UK continues to be one of the most competitive locations for automotive and other advanced manufacturing within Europe and internationally, including sites such as Sunderland.”

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