Cable commits to £125m fund to boost manufacturing

Posted on 7 Dec 2011 by The Manufacturer

A new initiative of up to £125m is being set up to improve the global competitiveness of UK advanced manufacturing supply chains, Business Secretary Vince Cable announced yesterday.

The Advanced Manufacturing Supply Chain Initiative aims to help existing UK supply chains to grow and achieve world class standards while encouraging major new suppliers to come and manufacture here. The new fund will support innovative projects in established UK advanced manufacturing sectors such as aerospace, automotive and chemicals. It will also target newer growth…

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