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Bentley Gets GBP1.67M Funding

British manufacturer Bentley has recently received a financial boost aimed at allowing it to support its growth, as a conditional allocation of GBP1.68 million has today been confirmed, thanks to an award from the Department for Business’ Regional Growth Fund.

The company currently sees major growth ahead, following the introduction of new models such as the next generation Continental GT and the recently launched Mulsanne, and increased demand.

Sales grew by 11% last year and Bentley expects significant double digit growth in 2011 and beyond as customers take delivery of new models.  In China sales grew by over 60% last year and in Russia sales are now back to pre-recession levels, while in the United States, Bentley's largest market, sales increased by over 20% in the last quarter of 2010.

"This is fantastic news for Bentley.  We have worked hard to make our case to the Department for Business and today's announcement demonstrates that they understand the importance of supporting one of the most highly skilled automotive workforces in the UK,” stated Christine Gaskell, Member of the Board for Personnel.

“Bentley exports over 80% of our products and as global economies continue to recover we are starting to see our investment in new models such as the new Continental GT and the Mulsanne begin to pay off.  We are now recruiting across the board, not only in areas such as production and quality, but also in sales and marketing to ensure we are able to maximise the opportunities for growth,” she continued.

“The funding will enable us to further invest in all of the skills that we need to deliver the new generation of Bentleys and ensure that we have the capacity to meet this increasing demand for our products,"
Gaskell concluded.
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