{"id":43911,"date":"2014-06-19T11:39:16","date_gmt":"2014-06-19T11:39:16","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=ff28b8aba5ec6a0d997c340fb70360a1"},"modified":"2014-06-19T11:39:16","modified_gmt":"2014-06-19T11:39:16","slug":"press-release-clegg-and-cable-manufacturing-crucial-to-economic-recovery","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=43911","title":{"rendered":"Press release: Clegg and Cable: manufacturing crucial to economic recovery"},"content":{"rendered":"<div class=\"govspeak\">\n<ul>\n<li>companies urged to bid into \u00a3200 million Regional Growth Fund<\/li>\n<li>new evidence of manufacturing jobs returning to the UK<\/li>\n<li>funding for Rolls Royce as part of drive to boost skills<\/li>\n<li>\u00a37 million for cutting edge aerospace research project<\/li>\n<\/ul>\n<p>Ministers today (19 June 2014) set out the latest work the government is doing in partnership with business to help manufacturing strengthen the economic recovery. A series of announcements were made by a delegation of ministers at the Manufacturing Summit in Merseyside attended by more than 250 business leaders.<\/p>\n<p>A new round of the Regional Growth Fund (<abbr title=\"Regional Growth Fund\">RGF<\/abbr>) was announced by the Deputy Prime Minister Nick Clegg with \u00a3200 million made available to businesses across the country.<\/p>\n<p>It will be the sixth round of the government\u2019s flagship scheme designed to create new jobs outside London and encourage business investment nationwide. So far the fund has supported over 400 projects and programmes which will create and safeguard hundreds of thousands of jobs over the long term and stimulate \u00a316 billion of private sector investment.<\/p>\n<p>A further economic boost was delivered by news that Bee Health, based in Bridlington, East Yorkshire, has just won new contracts that have resulted in \u00a315 million of work coming back to the UK from China, India and the US and will create 130 new jobs. The company manufactures capsules, creams, liquids, powders, sprays and tablets and has received support from the government\u2019s Manufacturing Advisory Service (<abbr title=\"Manufacturing Advisory Service\">MAS<\/abbr>).<\/p>\n<p>Deputy Prime Minister Nick Clegg said:<\/p>\n<blockquote>\n<p>Britain\u2019s manufacturers are helping our economy move in the right direction. Growth is up and unemployment is down.<\/p>\n<p>This government has built the foundations for this growth by repairing and rebalancing the country\u2019s finances and helping to create more than 1.7 million jobs in the private sector.<\/p>\n<p>We will continue to work hard to build a stronger economy and the Regional Growth Fund is helping us to do this fairly by creating thousands of jobs that last and boosting the private sector across the country.<\/p>\n<p class=\"last-child\">I would encourage any businesses that can generate significant private sector investment and sustainable jobs to bid for a share of the \u00a3200 million available from the fund.<\/p>\n<\/blockquote>\n<p>Business Secretary Vince Cable joined the Deputy Prime Minister and in his keynote speech to the Manufacturing Summit, announced:<\/p>\n<ul>\n<li>a \u00a37 million grant to the Advanced Manufacturing Research Centre (<abbr title=\"Advanced Manufacturing Research Centre\">AMRC<\/abbr>) in Sheffield for research into large titanium parts in aircraft. The latest investment from the \u00a32 billion Aerospace Technology Institute (<abbr title=\"Aerospace Technology Institute\">ATI<\/abbr>) will ensure that the UK is at the forefront of cutting-edge research and development for the next generation of aircraft<\/li>\n<li>Rolls Royce and partners have been awarded \u00a34 million of grant funding to help address skills shortages in manufacturing. The project will give 300 young people the opportunity to undertake work experience as part of the Rolls Royce educational outreach programme as well as offering 145 internships and 60 apprenticeships for 16 to 18 year olds. The money from the government\u2019s Employer Ownership Pilot will also provide support and training to staff in the supply chain<\/li>\n<li>more young people and teachers will be given the chance to get behind the scenes of the manufacturing industry thanks to an expanded government and industry scheme. See Inside Manufacturing (<abbr title=\"See Inside Manufacturing\">SIM<\/abbr>) is to be expanded to cover all manufacturing sectors.<\/li>\n<\/ul>\n<p>Business Secretary Vince Cable said:<\/p>\n<blockquote>\n<p>Government and business have worked in partnership to develop an <a href=\"https:\/\/www.gov.uk\/government\/policies\/using-industrial-strategy-to-help-the-uk-economy-and-business-compete-and-grow\">industrial strategy<\/a> which will ensure that manufacturing \u2013 a key component in our economic recovery \u2013 continues to grow. There are signs of momentum \u2013 with production now at its highest level in 5 years \u2013 that we are determined to nurture.<\/p>\n<p class=\"last-child\">Our investment in research and development and skills training plus a tax break which incentivises companies to buy new plant and machinery, is giving business the confidence to invest, securing high skilled long-term jobs and building a stronger economy.<\/p>\n<\/blockquote>\n<p>Dr Cable started the day by visiting St Mary\u2019s Catholic College in Wallasey as part of the Inspiring the Future programme that brings leading employers into state schools to talk about careers. The event had a particular focus on Inspiring Women, with the Business Secretary calling for more girls to work in manufacturing. He said:<\/p>\n<blockquote>\n<p>The UK economy badly needs technology and engineering skills. The shortfall is most acute in relation to women, where fewer than 1 in 10 UK engineering professionals are female. This is not good enough and must improve.<\/p>\n<p class=\"last-child\">More young people are studying science and maths at GCSE and A level but we need to do more to encourage ambitious youngsters that these subjects are the best route to successful careers. Only then will we bridge the skills gap. Initiatives like Inspiring Women and See Inside Manufacturing are crucial to recruiting more young people \u2013 and women in particular \u2013 into manufacturing jobs.<\/p>\n<\/blockquote>\n<p>BIS-commissioned research showed more than half of young people (59%) enjoyed science but it was hard to know what careers are available in this area; 4 out of 5 (83%) agreed jobs in science, technology and engineering are about making a difference. <\/p>\n<p>The summit also saw Business Minister Michael Fallon announce that a new government-funded body to attract inward investment to the UK has smashed its targets in its first year. <\/p>\n<p>The Automotive Investment Organisation was created to spearhead inward investment in to the UK. It has achieved:<\/p>\n<ul>\n<li>\u00a3457 million worth of investment<\/li>\n<li>80 projects funded \u2013 beating the target of 60 projects<\/li>\n<li>more than 5,600 supply chain jobs secured &#8211; beating the target of 4,000 jobs<\/li>\n<\/ul>\n<p>Mr Fallon said:<\/p>\n<blockquote>\n<p>Manufacturing is driving the UK\u2019s recovery and our vibrant automotive sector is leading the way in helping to create jobs and generate growth.<\/p>\n<p class=\"last-child\">The Automotive Investment Organisation can take some of the credit. It has got off to a cracking start \u2013 beating its initial targets by securing over \u00a3450 million of investment and creating and safeguarding more than 5,600 jobs in its first year.<\/p>\n<\/blockquote>\n<h3 id=\"notes-to-editors\">Notes to Editors:<\/h3>\n<ol>\n<li>See Inside Manufacturing (<abbr title=\"See Inside Manufacturing\">SIM<\/abbr>) involves businesses opening their doors to young people and teachers, allowing them a first-hand view of modern manufacturing and the exciting careers available. The 10 current sectors participating in <abbr title=\"See Inside Manufacturing\">SIM<\/abbr> are Automotive, Aerospace, Nuclear, Oil &amp; Gas, Offshore Wind, Construction, Life Sciences, Electronics, Chemicals, and Food &amp; Drink. <abbr title=\"See Inside Manufacturing\">SIM<\/abbr> will now be extended to all manufacturing sectors.<\/li>\n<li>Further detail about the achievements of the Automotive Investment Organisation in its first year can be found at <a href=\"https:\/\/www.gov.uk\/government\/news\/automotive-industrial-strategy-securing-investment-and-creating-jobs\">Automotive Industrial strategy: securing investment and creating jobs<\/a>\n<\/li>\n<li>Developing an industrial strategy gives new impetus to the government\u2019s economic policy objective to achieve strong, sustainable and balanced growth, by providing more clarity about the long term direction in which government wants the economy to travel.<\/li>\n<li>Further information on industrial strategy can be found at <a href=\"https:\/\/www.gov.uk\/government\/collections\/industrial-strategy-government-and-industry-in-partnership\">Industrial strategy: government and industry in partnership<\/a>\n<\/li>\n<\/ol>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ministers set out the work the government is doing in partnership with business to help manufacturing strengthen the economic recovery.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"_links":{"self":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/43911"}],"collection":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=43911"}],"version-history":[{"count":0,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/43911\/revisions"}],"wp:attachment":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43911"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43911"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43911"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}