Dyson is planning to build a 517-acre UK campus in the Cotswolds

Times100richest james dysonWPA Pool / GettySir James Dyson gives ex-British Prime Minister David Cameron a tour of the Dyson factory

Dyson is planning to build a new campus in the UK, the company announced on Wednesday.

The campus, to be built on a 517-acre site in the Cotswolds, will be used for research and development (R&D) into new Dyson products and services.

It is part of Dyson’s £2.5 billion aggressive expansion plan and will help the company to grow to 7,000 staff over the next five years.

Sir James Dyson — the company’s billionaire founder who last year came out in support of Britain’s exit from the European Union ahead of the referendum — said in a statement:

“After 25 years of UK growth, and continuing expansion globally, we are fast outgrowing our Malmesbury Campus.

“The 517-acre Hullavington Campus is an investment for our future, creating a global hub for our research and development endeavours.”

“It will enable us to continue creating world-class products and jobs right here in the Cotswolds.”

British Prime Minister Theresa May hailed the new campus as a “vote of confidence in our modern industrial strategy and our determination to cement the UK’s position as a world leader in high-tech engineering,” Sky News reports.

May said: “Dyson’s exporting strength and commitment to creating jobs in Britain is a real success story that demonstrates the opportunity that our plan to create a truly global Britain can present.”

Building work on the site, which is in Hullavington, Wiltshire, will begin in May. The vacuum manufacturer is also expanding its headquarters in nearby Malmesbury. It also has a software centre in Bristol.

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