Australia’s $4.6bn Aukus funding to help create more than 1000 jobs in UK, Rolls-Royce says

According to beneficiary Rolls-Royce, Aukus funding will help create more than 1,000 new jobs in Derby. 

The project will see the construction of new office space as well as manufacturing facilities.

The Australian government revealed they would send A$4.6bn (£2.4bn) to the UK over the next 10 years to ensure the Rolls-Royce nuclear reactor production line in Derby was able to supply reactors for use in Adelaide-built submarines.

The government has not provided detailed information about what the funding will cover, except to say it will “enable the Rolls-Royce factory in Derby to operate at an increased rate of production”.

Rolls-Royce has welcomed the Australian government funding and said work was already underway “to double the size of the Rolls-Royce Submarines site in Raynesway, Derby”.

“Now jointly funded by UK MOD and the Australian Department of Defence, the expansion work announced last summer will create over 1,000 new jobs in Derby across a range of disciplines, including manufacturing and engineering,” the company said in a statement published on its website.

“It will also see new manufacturing and office facilities being built on recently acquired land surrounding the existing Raynesway site.”