Go-Ahead announces £500m investment in Wrightbus ZEBs
Wrightbus signs largest ever deal in its history
Go-Ahead is today (8 October) announcing a major £500 million investment to decarbonise its fleet.
The investment is set to fund the manufacturing of up to 1,200 zero-emission buses over the next three years. It includes creating a new dedicated manufacturing line and partnership with Wrightbus.
For every vehicle manufactured, ten trees will be planted by Go-Ahead and Wrightbus in the towns and cities where the buses are deployed.
The Transport Secretary is expected to meet with key industry leaders today including Wrightbus owner Jo Bamford and CEO Jean-Marc Gales, to reaffirm the government’s commitment to decarbonising local transport and fostering an environment for investment in the UK manufacturing industry, bringing sustained economic growth and supporting jobs.
UK Bus Manufacturing Expert Panel
The Transport Secretary will also announce plans to create a new UK Bus Manufacturing Expert Panel. This panel will bring together industry experts and local leaders to explore ways to ensure the UK remains a leader in bus manufacturing, help local authorities deliver on their transport ambitions, and begin to seize opportunities to embrace zero-emission transport technologies.
The announcement comes ahead of the International Investment Summit which will gather UK leaders, high-profile investors and businesses from across the world to discuss how we can deepen our partnership to drive investment and growth.
The Transport Secretary is expected to hold several bilateral meetings at the Summit with international business leaders and make clear the UK is ‘open for business’ so that she can help attract further investment to support the delivery of our transport priorities across the country.
The Prime Minister will also convene the first Council of Nations and Regions later this week, bringing together First Ministers, Northern Ireland’s First Minister and Deputy First Minister and regional mayors from across England, as the government forges new partnerships, resets relationships to secure long-term investment with the aim of boosting growth and living standards in every part of the UK.
“We’re creating the right conditions for businesses to flourish, so we can support jobs and accelerate towards decarbonising the transport sector” – Transport Secretary, Louise Haigh
Transport Secretary, Louise Haigh, said: “The number one mission of this Government is growing the economy. The half a billion pounds Go Ahead is announcing today shows the confidence industry has in investing in the UK.
“This announcement will see communities across the country benefit from brand new, state of the art green buses – which will deliver cleaner air and better journeys.
“We’re creating the right conditions for businesses to flourish, so we can support jobs and accelerate towards decarbonising the transport sector.
“Under this Government, Britain is open for business.”
“This multi-million pound investment and partnership with Wrightbus will accelerate the transition to zero-emission fleet across the UK” – Go-Ahead Bus CEO, Matt Carney
Go-Ahead Bus CEO, Matt Carney, said: “This multi-million pound investment and partnership with Wrightbus will accelerate the transition to zero-emission fleet across the UK.
“We are proud to be working in partnership with the UK Government and local authorities to deliver transformational environmental change for communities, while supporting UK jobs and the growth of the country’s supply chain.”
“The deal with Go-Ahead is hugely significant and represents a huge boost to the UK’s economy” – Wrightbus CEO, Jean-Marc Gales
Wrightbus CEO, Jean-Marc Gales, said: “The deal with Go-Ahead is hugely significant and represents a huge boost to the UK’s economy. It will support homegrown manufacturing, jobs and skills for the next three years and beyond. We’ve always been proud to support the UK’s supply chain and our Go-Ahead partnership will ensure even more money can be spent securing good green jobs.
“We must also not forget that this deal represents a massive step forward in our ambition to help decarbonise the transport sector with our world-leading products. It was heartening today to hear the Government reaffirm its commitment to a green transport sector.”