Government announces manufacturing budget boost
Mon, 02 Nov 2009
Ministers have given further backing to British industry by allocating £40 million for a new manufacturing technology centre (MTC).
Business minister Pat McFadden announced the budget increase for the operation, which aims to improve the perception of the sector and promote the range of careers available within it.
He highlighted the need for an investment in skills as well as new technologies in order for manufacturing to grow in the UK, saying the right expertise will be needed in the right place, at the right time.
Mr McFadden said that Britain has "a great manufacturing future" as well as a great past, but the face of the sector is changing and the government needs to support this process.
This is why the government is helping business and universities collaborate and commercialise new and innovative products and processes, he added.
Commenting on the MTC funding announcement, a spokesperson for the Engineering Employers Federation said: "This is a welcome emphasis on high value manufacturing which is the way forward for our sector.
"Both [the] industry and government has to focus on innovative, high skill manufacturing if we are to rebalance our economy, and support our industrial base and measures such as this will help support this process."
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