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| JCB hub creates 300 new jobs in Newcastle-under-Lyme | JCB hub creates 300 new jobs in Newcastle-under-Lyme |
| (about 3 hours later) | |
| Construction equipment manufacturer JCB is creating 300 jobs in Newcastle-under-Lyme. | Construction equipment manufacturer JCB is creating 300 jobs in Newcastle-under-Lyme. |
| Work is under way at the Chatterley Valley distribution site next to the A500 where it is hoped 60 people will be employed by the end of the year. | Work is under way at the Chatterley Valley distribution site next to the A500 where it is hoped 60 people will be employed by the end of the year. |
| JCB is using about £3m from the government's Regional Growth Fund to help fund the jobs and training programmes on the site. | JCB is using about £3m from the government's Regional Growth Fund to help fund the jobs and training programmes on the site. |
| It will be the main depot for supplier-bought parts used in JCB manufacturing. | It will be the main depot for supplier-bought parts used in JCB manufacturing. |
| The depot will serve JCB's 11 UK plants as well as its compaction equipment factory in Germany and the company's newest plant in Brazil. | The depot will serve JCB's 11 UK plants as well as its compaction equipment factory in Germany and the company's newest plant in Brazil. |
| Investor confidence | |
| The firm's chief executive, Alan Blake, said: "Staffordshire is where JCB's business started nearly 68 years ago and... this site offers some huge advantages, particularly with transport links to the A500 and M6." | The firm's chief executive, Alan Blake, said: "Staffordshire is where JCB's business started nearly 68 years ago and... this site offers some huge advantages, particularly with transport links to the A500 and M6." |
| It is hoped the new hub will benefit local businesses who could supply parts to JCB, said Gareth Snell, leader of Newcastle-under-Lyme Borough Council. | It is hoped the new hub will benefit local businesses who could supply parts to JCB, said Gareth Snell, leader of Newcastle-under-Lyme Borough Council. |
| He said: "It's brilliant news for the borough…. Having a well-known quality brand like JCB active in the borough can only be good for investor confidence." | |
| In April the Rocester-based firm recorded its largest ever profit of £365m for 2012, up £10m on the previous year. | In April the Rocester-based firm recorded its largest ever profit of £365m for 2012, up £10m on the previous year. |
| A spokesperson for JCB said there were more than 5,500 people working for the firm in Staffordshire. | A spokesperson for JCB said there were more than 5,500 people working for the firm in Staffordshire. |
| The leader of Newcastle Borough Council, Gareth Snell, has called it "brilliant news" for the area. |