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McLaren has won permission to build a new 640,000 sq ft technology centre at its sports car headquarters in Woking, with the creation of hundreds of jobs.
McLaren is forming an alliance with GlaxoSmithKline to invest up to £30m in the development of a technical centre in Woking, in order to share production technology.
McLaren is looking to build two more factories in the UK to develop its Formula One technology for other industries over the next five years.
McLaren Automotive has confirmed plans to invest up to £750m in the production of high-performance sports cars in Woking over the next five years.
McLaren has unveiled plans to build a sports car factory next to its technology centre in Woking by 2011, with the creation of up to 800 jobs.
McLaren Automotive is seeking funding of up to £250m to develop a new range of road-going sports cars, and hopes to start production at a new UK factory within two years.
McLaren Group is planning to invest up to £250m in the production of 1,000 luxury sports cars a year by 2011, which could lead to the development of a new production plant in the UK and the creation of up to 400 jobs.