My friendly local car maker – Lotus – is in the money again, our money.

The regional growth fund loan, first awarded in 2011 and then held back around the time that the motor firm’s parent company, Proton, was being sold and the subsequent controversy that surrounded Dany Bahar's departure.

According to Dr Vince Cable, “Eighteen months ago there was a real worry about its viability, but the parent company have put a lot of money in. It is 300-plus jobs in the sector and it is part of the success story of the British car industry, which is massively on the up. Last year, in volume terms, we were net exporters of cars for the first time ever.”

“The money is matching their investment and secures their position in this county, which is great news for the county as a whole.