Jobs for 50 years: Rolls-Royce pledges to provide work for 2,300
ROLLS-ROYCE says that investment worth hundreds of millions of pounds in the company's Raynesway site will secure more than 2,000 jobs in Derby for the next half- century.
Yesterday, the Duke of Kent was in town to officially open Atlantic House, the second part of a giant scheme to regenerate the site.
About 700 people will be employed at the £19.5 million building, developing the next generation of reactors for Royal Navy submarines as part of a contract with the Ministry of Defence worth over £1 billion.
Raynesway is also key to Rolls-Royce's strategy to take a chunk of the multi-billion-pound market to supply expertise in building nuclear power stations for global energy companies
Lawrie Haynes, president of the nuclear division of Rolls-Royce, said: "Designing the next generation of nuclear reactor types for the Ministry of Defence will secure our operation in Derby for at least the next 50 years. Furthermore, the nuclear energy design and manufacturing skills and knowledge here is to form the bedrock on which we intend to grow the civil nuclear business."