Hundreds of jobs safeguarded

Hundreds of jobs have been safeguarded after more than £3 million of government funding was secured in a bid to the government which was developed by Wiltshire Council working with local company DTR VMS.

The grant, which is part of an overall investment of £21million in Wiltshire from the regional growth fund (RGF), will safeguard 195 jobs and help secure around 800 more jobs in other companies which supply DTR VMS.

Fleur de Rhe-Philipe (Conservative), cabinet member for economy, said:

“Securing RGF funding to support local economic development is a specific objective within the Action for Wiltshire programme and it sends a strong signal that the council and its partners want to make Wiltshire a business location of choice. The investment will create and safeguard a significant number of highly skilled jobs within a priority sector. We hope this will help build confidence at a crucial time for the local economy and will encourage other foreign owned companies to invest in Wiltshire.”

DTR VMS, whose parent company is based in South Korea, manufacture specialist automotive components. It wishes to increase its research and development capacity by moving into a purpose built state-of-the-art facility, together with relocation and similar upgrading of its manufacturing and logistics operations, and consolidation of the Group's European and Asian logistics operations.

It is hoped the company will create more than 50 new direct jobs and over 200 indirect new jobs by 2020 once products developed at the new facility are sold.

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