Dyson commits £1.5bn in global invention quest

 
Caitlin Morrison
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James Dyson, best known for his revolutionary vacuum cleaners
Inventor James Dyson has today ann­ounced that his eponymous company, known for its revolutionary versions of household objects from electric fans to vacuum cleaners, is making a £1.5bn investment in future technology, at home and abroad. Dyson aims to launch 100 new products worldwide in the next four years.

The financial commitment includes a £1bn R&D investment, a £250m campus in Malmesbury, Wiltshire, a £50m investment in British universities and a £200m manufacturing expansion in south east Asia. The company plans to create four new portfolios of technology.

Work has already begun on the first phase of the Malmesbury campus expansion, a project that will create up to 3,000 jobs. Mean­while, the manufacturing firm has started recruiting for new engineers, with 300 roles cur­rent­ly unfilled.

In Asia, four additional production lines have been built at Dyson’s motor manufacturing facility in Singapore. According to the company, this will in­crease motor manufacturing capa­city to 11m a year.

Company founder and chairman Dyson said: “Our growth is fuelled by technology, and we are thinking long-term, 90 per cent of our technology is sold abroad, we’re quickly growing across Asia, and it’s phenomenal to think that we are now number one in the home of technology – Japan.

“It is like selling coal to New­castle. But we must relentlessly invent – that’s why we are investing in our research footprint here in the UK and investing in our manufacturing capabilities in south east Asia.”

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