CALL TO ARMS FOR UK MANUFACTURING
22/11/2023 MTC Ltd
Graham Hoare, CEO of the Manufacturing Technology Centre (MTC), comments on The Chancellor’s plans to boost UK manufacturing in the Autumn Statement and the development of the Advanced Manufacturing Plan.
“The Autumn Statement should be seen as a call to arms for UK manufacturing. The commitment of £4.5 billion of funding for the sector and the development of an Advanced Manufacturing Plan is a clear indication from Government that transforming manufacturing is critical to turbocharging the UK economy. Business needs to be prepared to put their best foot forward to leverage the innovative technology for which Britain is known as a world leader, to boost productivity and sustainability.
In addition, the Chancellor’s plans to incentivise private sector investment to ensure UK innovations have a commercial payoff are set to create a golden opportunity for industry. Coupled with support from technology and innovation centres like the High Value Manufacturing catapult and the MTC, I believe these commitments signal we really are now on the brink of the next industrial revolution.”
Print this articleFor more information, please contact:
MTC Ltd
Pilot Way
Ansty Park
Coventry
CV7 9JU
Tel: 02476 701600
Email: Lee.McLaughlan@the-mtc.org
Web: https://www.the-mtc.org
Share article:
Process and Control Today are not responsible for the content of submitted or externally produced articles and images. Click here to email us about any errors or omissions contained within this article.