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Manufacturing Industries: Government Assistance

Volume 505: debated on Wednesday 3 February 2010

To ask the Minister of State, Department for Business, Innovation and Skills what steps his Department is taking to provide financial support for manufacturing industry. (315436)

The manufacturing strategy launched in September 2008 brings together over £150 million support for a range of policy measures that address key issues impacting on competitiveness such as skills, design, technology, global value chains and the move to a low carbon economy.

The advanced manufacturing package of measures announced in July 2009 provides more than £150 million from the strategic investment fund to support the development of high tech manufacturing that will enable UK manufacturers to take advantage of new market opportunities.

In addition, manufacturing benefits from:

The Real Help for Business package—support for manufacturers is described in the leaflet which is available at:

The Vehicle Scrappage Scheme where more than 330,000 orders for new vehicles have been placed.

The Manufacturing Advisory Service which has been expanded and has conducted over 32,000 manufacturing reviews and supported more than 11,800 implementation projects worth nearly £700 million value added.