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The Cabinet member for regeneration and business development at the Isle of Wight Council said, "The positive support of GKN is most welcome and continues the good news as we build up to the big day"
GKN operates in 17 countries across Europe, employing around 28,000 people in more than 60 manufacturing facilities.
A British business originally established in 1759, the UK remains home to their global headquarters.
The Aerospace division has a site in East Cowes on the Isle of Wight.