Delyn MP David Hanson has welcomed the Government’s new strategy for the UK’s manufacturing sector – ‘New Challenges, New Opportunities’ – to help UK firms take advantage of changing global trends in manufacturing.
The strategy brings together almost £150 million of medium term support for UK manufacturing, and sets out a framework to enable manufacturers to continue creating jobs and generating wealth into the future – including by seizing the opportunities of the low carbon economy, supporting skills, realising overseas opportunities, and improving the perceptions and understanding of manufacturing. It updates the manufacturing strategy first published in 2002.
David Hanson said:
“Manufacturing is central to the success of the UK economy and the Government is determined to help ensure the sector has the right foundations to endure the current economic slowdown and emerge stronger and fitter than ever.
“The UK is the sixth largest manufacturer in the world – the industry accounts for over half our exports, contributes £150 billion to the economy and around three million jobs.
“Following extensive consultation with manufacturing firms and trade unions, the government has published a new strategy for the manufacturing sector to help UK firms take advantage of changing global trends in manufacturing.
“These are demanding times, but despite the current challenging global economic climate, and recent downturns in the sector, there is reason to be confident. This strategy will help set the right framework to help businesses emerge from these challenging conditions and remain competitive in an increasingly globalised sector.”