INSIGHTS

NEWS AND INSIGHTS FROM IGNIVA

DECEMBER 12, 2016

Dyson Defies Brexit and Fuels Speculation on Driverless Car Development

BY AURELIA BONITO

Technology company Dyson, have continued to defy Brexit fears, and have announced they will be expanding to a new 517-acre site on a former Ministry of Defence airfield. The move is part of a 2.5bn investment in the company, that will see them at least double their current workforce of 3, 500 over the next few years.

While this seems to defy Brexit fears about job losses after the referendum result, it does come somewhat against the grain of other news which suggests that BMW will build new electric Minis in Germany rather than Oxford and that Vauxhall’s factories at Ellesmere Port and Luton might see job cuts in the near future.

Nevertheless, PM Theresa May was bullish about the news, saying in a statement, 'This investment is a vote of confidence in our modern industrial strategy and our determination to cement the UK’s position as a world leader in high-tech engineering. Dyson's exporting strength and commitment to creating jobs in Britain is a real success story that demonstrates the opportunity that our plan to create a truly global Britain can present.'

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Dyson expressed similar sentiments, focusing on the opportunities presented by Brexit for the tech industry, and business as a whole, rather than the potential problems, 'We have got the opportunity to export globally – Europe is only 15% of global trade and declining. The world outside Europe is expanding faster than Europe, and that is the same for Dyson.'

There is speculation that Dyson will use the new hub to work on driverless cars, although the company has simply said that it will focus on 'a lot of batteries and a lot of other top secret work.'

Amid all the doom and gloom of Brexit, this at least seems to be a ray of light for the UK’s tech industry – and has the potential to be earth shattering if indeed Dyson are working on, and can perfect, driverless cars.