Sunderland, England – Nissan will receive £190 million from the European Investment Bank (EIB) to support the production of the electric Leaf at its plant in Sunderland, England.

The funding will go towards production of the Leaf and to its lithium-ion batteries.

The Sunderland plant is the only Leaf production facility in Europe. The investment is intended to safeguard existing jobs and create new opportunities in the region. The EIB investment is in addition to investments of £420 million by Nissan and £20.7 by the U.K. government. The Leaf will go into production in Sunderland in 2013 with an initial production capacity of around 50,000 vehicles per year.

In spite of a government grant of up to £5,000 per electric vehicle purchase, sales of electric cars in the U.K. have been slow, with fewer than 800 vehicles sold so far through the grant as of October.

Connect with