Cox Powertrain has signed a lease to take over a 28,000ft² building near Shoreham Airport.

Currently undergoing renovation, this will be the assembly plant for the CXO300 diesel engine, which is due to go into production in the second half of next year.

The company employs 70 people and aims to recruit another 78 before 2020.

CEO Tim Routsis said (www.coxmarine.com): “We’ve been working out of Shoreham since 2007, and the prospect of having our assembly line working alongside our engineers gives us the agility we need to deliver this game-changing technology.”