According to a report from Autocar, Lotus is nearly ready to receive a cash injection of £10 million (approximately $15 million). This comes from a government program called the Regional Growth Fund (RGF), which is designed to help companies create new jobs and provide training.
Giving Lotus a bit of this money shows that the automaker is prepping to move forward with new models and production.
Apparently Lotus initially applied to receive funds via the RGF over two years ago. At that time the automaker was under the guidance of Dany Bahar, and we all know how that saga shook out. Now, under the leadership of a new management team, Lotus is ready to get its hands on the cash.
Still, the actual amount of £10 million is under a bit of speculation. It was based on the initial application paperwork filed by Bahar. There could be new paperwork, or Lotus could've finally finished the process to receive its initial request.
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