Manufacturers give their reaction to the latest Budget announcement

Posted on 6 Mar 2024 by The Manufacturer

In today's budget, the last before the expected General Election later this year, the Chancellor Jeremy Hunt outlined further commitment to the manufacturing sector, including an investment of £360m in manufacturing and R&D. The funding will go into British manufacturing and research and development (R&D), following the launch of the Advanced Manufacturing Plan in November last year.

Addressing Parliament ahead of the Budget announcement Hunt said: “We are sticking with our plan by backing the industries of the future with millions of pounds of investment to make the UK a world leader in manufacturing, securing the highly skilled jobs of the future and delivering the long-term change our country needs to deliver…

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