Car giant Jaguar Land Rover is to invest £355m to build low-emission engines in the UK, creating up to 750 jobs, the company announced today.

The new facility will be based at a business park near Wolverhampton in the Midlands, with work due to start early next year.

"We expect the engine manufacturing facility to create up to 750 highly-skilled engineering and manufacturing posts at Jaguar Land Rover, along with hundreds more highly-skilled manufacturing jobs in the supply chain and the wider UK economy," said Dr Ralf Speth, chief executive of Jaguar Land Rover.

"This is truly exciting news and is a major commitment for our company.

"As we invest £1.5bn a year for the next five years in new product developments, expanding our engine range will help us realise the full global potential of both our Jaguar and Land Rover brands."