Advanced manufacturing supply chain fund to create thousands of new jobs

Advanced manufacturing supply chain fund to create thousands of new jobs

Deputy Prime Minister Nick Clegg has announced £213 million of industry investment that will improve UK’s manufacturing supply chain and create 11, 000 new jobs.

In addition to the thousands of new jobs that will be created through the multi-million investment, some 5,000 existing jobs are set to be safeguarded.

Over £73 million has been awarded from Round 2 of the Advanced Manufacturing Supply Chain Initiative (AMSCI) to 12 national supply chain projects, and a further £140 million will be invested by business.

The scheme was open to bids from all manufacturing sectors as the Chancellor, George Osborne, announced an additional £120 million in the Autumn Statement for two further rounds of AMSCI funding.

Examples of winning bids include the creation of a ‘National Aerospace Technology Exploitation Programme’ led by the Aerospace Growth Partnership to address skills shortages and improve R&D collaboration in the aerospace sector.

The £35 million project will create nearly 5,000 jobs in the supply chain. Another successful bid, led by David Brown Gear Systems in Huddersfield, will position the UK as a world leader in the creation of large gearboxes for the next generation of offshore wind turbines.

Deputy Prime Minister Nick Clegg said: “Boosting jobs and growth is my number one priority to build a stronger economy. This investment will secure Britain’s future as a world leader in industries like cars, where we have traditionally taken the lead, and new technologies such as wind turbine gears and semiconductor chips.”

What is your reaction to the investment announced by Deputy Prime Minister Nick Clegg to improve the manufacturing supply chain and create thousands of new jobs? Share your thoughts by commenting here or raising your voice on our Facebook and Twitter pages.

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Posted on February 28, 2013, in Building Construction Industry, Building Engineering Sector, Business, Career change, Construction, construction jobs, Employment, Government, Infrastructure, jobs, Manufacturing, Nick Clegg, plumbing, Politics, t4ts, Technology, Trades, train4tradeskills, Train4TradeSkills News, UK Economy and tagged , , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink. Leave a comment.

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