The owner of Jaguar Land Rover is reportedly close to choosing Somerset as the base for a new multi-billion pound electric car battery plant - which could create up to 9,000 jobs.
The chairman of Tata Group is scheduled to meet Prime Minister Rishi Sunak in the middle of next week to finalise a deal, according to BBC News.
The report added that sources familiar with the matter said an agreement has not yet been signed but engagement has taken a step forward, as talks have moved on to the draft stage.