A car company is to invest £6 million in a new training facility in Daventry.
Volvo Car UK will invest the money in a brand new facility at its Training and Development Centre in the town.
Set to open in summer 2017, the replacement building will give a new lease of life to the company’s site in Prospect Way, which has been delivering technical, commercial and management training to Volvo dealer employees from across the UK since 1980.
The new Daventry facility will ensure the firm’s training experience matches the increasingly cutting-edge nature of its cars.
On completion, the site – which currently employs 32 people – will be purchased by Daventry District Council and leased back to Volvo Car UK.
The council already owns properties in the area, and the deal will provide the council with an annual income from Volvo.
David Baddeley, Volvo Car UK’s customer service director, said: “In these uncertain times for the UK, this is a significant show of commitment from Volvo in its Daventry operations.
“Our new facility will provide the thousands of Volvo dealer employees across the country with the best possible environment to enhance their knowledge for years to come.”
Councillor Colin Poole, Daventry District Council’s economic, regeneration and employment portfolio holder, said: “Volvo’s decision to invest in this state-of-the-art new facility is fantastic news for Daventry and our economy.
“The company has long-standing roots in our town and we are pleased to support this new development, which we hope will enable their operations to thrive in our town for years to come.
“We welcome Volvo’s confidence in keeping and enhancing their national training facility here which again confirms that Daventry District is open for business.”