MALMESBURY-BASED company Dyson will benefit from up to a £16million investment announced by the Treasury, which it is hoped will boost the local economy.

It’s hoped the Exceptional Regional Growth Fund (ERGF) will help secure further technological developments by Dyson, and deliver another wave of highly skilled, high value jobs into Wiltshire’s advanced manufacturing sector.

The ERGF funding announcement will help almost 570 direct high value jobs, including indirect jobs as well.

James Dyson, founder of Dyson, said: “Dyson technology developed here in Wiltshire is driving our growth globally and fuelling UK exports in the process.

“We’re investing £1billion in our battery technology which will power our future technology and this grant will help ensure the expertise and intellectual property is developed here creating highly skilled jobs.”

The expansion of Dyson’s technology campus in Malmesbury, through significant highways improvements, has been achieved by working alongside Wiltshire Council.

Funded by the council, The Swindon and Wiltshire Local Enterprise Partnership (SWLEP), and the company, the new highways infrastructure is among a number of major schemes benefitting from the Government's £140m Growth Deal funding package for Swindon and Wiltshire.

Leader of Wiltshire Council, Baroness Scott of Bybrook, said: “We are committed to boosting the local economy here in Wiltshire and we have worked closely with Dyson to ensure this world leader in business continues to be a part of Wiltshire.

“The Treasury announcement is very welcome as it will help to unlock further investment by Dyson in addition to the company’s decision to locate its new research and development and technology campus at Malmesbury, creating around 3,000 jobs.

“This news underlines Wiltshire’s position as a high quality business location and we look forward to continuing to work closely with Dyson on the next phase of their plans.”