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28/07/2009
£151.1m Investment Announced To Build Britain's Future
A package of measures to help UK manufacturers seize the opportunities provided by emerging technologies was launched today by Business Secretary Lord Mandelson.
Investment totalling £151.5 million has been announced as part of the Government's targeted strategies for key sectors and markets. It will expand access to information, encourage take up of new technologies and address specific challenges faced by the aerospace sector.
Advanced Manufacturing describes businesses which use a high level of design or scientific skills to produce technologically complex products and processes. Because of the specialised requirements involved, these are usually goods and associated services of high value.
Business Secretary Peter Mandelson said: "At the heart of Britain's knowledge economy is our manufacturing base. High-value, highly skilled and internationally successful businesses that have worked hard to secure a lead in hi-tech global supply chains.
"This practical package of measures will help equip British manufacturers, of all sizes and sectors, to take advantage of the advanced technologies and new market opportunities now shaping our low carbon industrial future.
"It's about giving them the support they need to create jobs in Britain and export the best of British manufacturing design, technology, skills and innovation around the world."
These investments in plastic electronics, the nuclear supply chain, aerospace, and silicon design are another important step towards the Government’s vision for Britain's economic future - as set out in New Industry New Jobs.
The new Rolls-Royce advanced manufacturing plants will produce wide-chord fan blades for the Joint Strike Fighter aircraft, disks in advanced alloys for fans and turbines of aero-engines, single crystal blade castings for high temperature aero-engine turbines, and components for civil nuclear.
The Government's investment in Britain's advanced manufacturing capabilities is a continuing process. The work described in this document will build on measures already in place and be followed with further proposals in the coming months.
(JM/BMcC)
Investment totalling £151.5 million has been announced as part of the Government's targeted strategies for key sectors and markets. It will expand access to information, encourage take up of new technologies and address specific challenges faced by the aerospace sector.
Advanced Manufacturing describes businesses which use a high level of design or scientific skills to produce technologically complex products and processes. Because of the specialised requirements involved, these are usually goods and associated services of high value.
Business Secretary Peter Mandelson said: "At the heart of Britain's knowledge economy is our manufacturing base. High-value, highly skilled and internationally successful businesses that have worked hard to secure a lead in hi-tech global supply chains.
"This practical package of measures will help equip British manufacturers, of all sizes and sectors, to take advantage of the advanced technologies and new market opportunities now shaping our low carbon industrial future.
"It's about giving them the support they need to create jobs in Britain and export the best of British manufacturing design, technology, skills and innovation around the world."
These investments in plastic electronics, the nuclear supply chain, aerospace, and silicon design are another important step towards the Government’s vision for Britain's economic future - as set out in New Industry New Jobs.
The new Rolls-Royce advanced manufacturing plants will produce wide-chord fan blades for the Joint Strike Fighter aircraft, disks in advanced alloys for fans and turbines of aero-engines, single crystal blade castings for high temperature aero-engine turbines, and components for civil nuclear.
The Government's investment in Britain's advanced manufacturing capabilities is a continuing process. The work described in this document will build on measures already in place and be followed with further proposals in the coming months.
(JM/BMcC)
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Northern Ireland WeatherThis Evening and Tonight:Showers, scattered in the evening, will clear by midnight leaving the night dry with clear spells. Perhaps a touch of ground frost. Cloud will spread east towards morning. Minimum temperature 2 °C.
