| Support for manufacturing
Since
the launch of the Government's manufacturing strategy in 2002,
government has:
›
Provided strong macroeconomic stability
- low inflation, low interest rates, low unemployment - allowing
the UK to weather global economic slowdown better than in the
past
›
Supported investment through changes
to corporation tax, capital gains tax, Regional
Selective Assistance, Small
Firms Loan Guarantee Scheme and Regional Venture
Capital Funds
›
Launched the Manufacturing
Advisory Service
to ensure that manufacturers in every region have local access
to practical advice from manufacturing experts
›
Strengthened UK's world class science
base with the largest sustained increase in the Science
Budget for over a decade, and enhanced knowledge transfer, so
that manufacturers can capitalise upon the innovations it produces.
Implementing
innovative agenda
›
Extended the R&D
Tax Credit to all companies, overwhelmingly benefiting
manufacturers
›
Put in place Sector Skills
Councils to lead the drive to significantly improved
skills in industry, and strengthened the Modern
Apprenticeship network
›
Extended the Industry Forum best
practice programme to new sectors - printing, process
industries, general engineering, metals and food processing -
increasing the reach of lean-manufacturing and world-class practices
›
Set up Innovation and Growth Teams across key
industries (including the automotive, aerospace, biosciences,
and electronics sectors) to examine the factors affecting specific
sectors, identify the challenges, and take action to respond to
these challenges.
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Last updated 12 July 2004 |
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