play_arrow #Dow_JonesOctober 9, 2019
Nissan plays a key role in UK manufacturing.
Opened in 1986 by former Prime Minister Margaret Thatcher who celebrated Britain’s role as a gateway to Europe, the facility now produces roughly one in three British cars.
Nissan said in a statement on Monday that the letter showed its “continued desire to support investment” in the United Kingdom.
“The letter is no longer commercially sensitive as it contains nothing that hasn’t been disclosed publicly before, and the projects referenced in the letter have now changed,” it said.
Supply chains would be snarled and shipments could be delayed at the border.
According to a public database maintained by the European Commission, Nissan received grants worth £61 million ($80 million) from the UK government in June 2018.
Nissan said in a statement that it had “accepted a formal offer from the UK Government in June 2018” that provided grant support to “a number of different projects in our Sunderland plant.”
On Monday, Clark wrote in a letter to UK lawmakers that “any grant amount will only be awarded in line with the terms of the offer.”
UK voters chose to leave the European Union in a referendum in June 2016.
Clark wrote in the letter that supporting carmakers would be a priority during Brexit negotiations, and that he would ensure that Nissan could continue to export to and from the European Union.
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