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NORFOLK MPS TO LOBBY VINCE CABLE OVER LOTUS LOAN
13 May 2011
Norfolk MPs will lobby in a bid to seek government support for the expansion Lotus.
Norfolk MPs will lobby business secretary Vince Cable next week in a bid to seek government support for the expansion of sports car manufacturer Lotus.
The Hethel-based company is looking to create more high skilled jobs in the county after announcing plans for five new models.
Three Norfolk MPs will meet with the government minister on Monday in an attempt to strengthen Group Lotus' case for an almost £30m regional growth fund loan.
The meeting comes after the company missed out on government funding earlier this year to stimulate the economy.
But Norwich South MP Simon Wright, South Norfolk MP Richard Bacon, and Mid Norfolk MP George Freeman said government investment would safeguard 390 jobs and create more than 1,000 new manufacturing jobs in south Norfolk.
They will be telling Dr Cable on Monday that a small loan will generate export revenues of almost £800m in the next six years.
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