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Government plans aim to enhance manufacturing competitiveness

11 October 2011
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Government plans aim to enhance manufacturing competitivenessA £170 million investment by the government in the UK's manufacturing industry could enhance growth.

This is according to the Department for Business, Innovation and Skills, which has declared that the funding will be used to support research in the field.

A new high value manufacturing technology and innovation centre has been unveiled, which will receive £140 million over the next six years, potentially enhancing continuous improvement efforts in industry.

In addition the Technology Strategy Board will run a competition seeking innovative new products for investment and a further contest alongside the Office for Low Emission Vehicles to back the development of low-carbon vehicles.

"Manufacturing has a key role to play in economic growth and rebalancing the economy, in particular driving exports and productivity," business secretary Vince Cable stated.

Recent figures from Markit and the CIPD revealed that there was an expansion of UK manufacturing activity in September this year as the sector rallied following a dip in August.ADNFCR-3058-ID-800755097-ADNFCR
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