Jaguar Land Rover-owner chooses Brexit Britain over Spain
Britain is set to win a battle with Spain to host a giant car battery plant in Somerset, which will create 9,000 jobs.
The chairman of Tata Group, who owns Jaguar and Land Rover, is due to fly to London next week to finalise the deal.
Some in the car industry have hailed the new plant as the most significant automotive investment in the UK since Nissan came to Britain in the 1980s.
Tata's chief is scheduled to meet the Prime Minister mid-next week.
Although the deal has yet to be signed, sources say the deal has now progressed to drafting how the landmark agreement will be presented.
The new development comes as the Government has acknowledged the urgent need for electric vehicle battery manufacturing in the UK to secure the future of the car industry.
Around 9,000 jobs would be created at the Bridgwater site, close to the M5.
The Tata Group is said to have originally considered choosing Spain as the country to build the battery plant.
The expected decision to choose Somerset is set to be hailed as a major achievement for the UK in the wake of Brexit.
India's Tata has extensive steel interests in the UK including the Port Talbot plant in South Wales and the government will also offer around £300million to subsidise, upgrade, and decarbonise those operations.
Along with additional energy discounts, it will bring the total incentive package to Tata close to £800million.