Government confirms £300m to boost UK manufacturing productivity by 30%

Posted on 11 Sep 2020 by James Devonshire

Businesses with creative ideas to boost the UK's manufacturing capabilities are set to receive £300m of joint government and industry funding.

The funding was confirmed by Business Secretary Alok Sharma at London Tech Week today and will be used to fuel innovation in areas such as robotics, AI and augmented reality. Almost half of the funding (£147m) will be invested by the government through the Manufacturing Made Smarter Challenge, with the remainder of the £300m to be…

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