Lotus Secures Regional Growth Fund Cash to Further Model Development
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).
GALLERY: New Lotus Esprit
Luke is an energetic automotive journalist who spends his time covering industry news and crawling the internet for the latest breaking story. When he isn't in the office, Luke can be found obsessively browsing used car listings, drinking scotch at his favorite bar and dreaming of what to drive next, though the list grows a lot faster than his bank account. He's always on <A title="@lukevandezande on Twitter" href="http://twitter.com/lukevandezande">Twitter</A> looking for a good car conversation. Find Luke on <A title="@lukevandezande on Twitter" href="http://twitter.com/lukevandezande">Twitter</A> and <A title="Luke on Google+" href="http://plus.google.com/112531385961538774338?rel=author">Google+</A>.
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