Keep an eye on Lotus over the next six years, they just won a bid for this round of the Regional Growth Fund (RGF).
Lotus CEO Danny Bahar said in a press release that the money will help the company refresh its line of sports cars with best in class performance and emissions.
The RGF is meant to support projects and programs in the UK that will support private sector growth. A long list of companies competed for a share in the discretionary fund worth about $2.25 billion. Lotus got official confirmation from the Department for Business, Innovation and Skills that they are among the accepted.
Bahar said that “this is a very significant boost to local communities, and the Regional Growth Fund will help businesses like Lotus to drive local growth.”
The funding will help Lotus further development of its new line up sports cars, including a next-generation Elise and Exige, as well as the new Esprit (above).