Manufacturing Industries: Government Assistance
Business, Innovation and Skills
Mark Prisk (Minister of State (Business and Enterprise), Business, Innovation and Skills; Hertford and Stortford, Conservative)
BIS does not measure its expenditure by sector but by function, for example, during the past three years we have spent £43.8 million on the Grant for Business Investment, (which was the predecessor of the Regional Growth Fund and from which the manufacturing sector has been a key beneficiary) and £52.8 million on the Manufacturing Advisory Service.
Overall, the Government provides a wide range of support to the manufacturing sector. We announced a package of measures at the 2011 Budget in the “Plan for Growth” to help manufacturing firms commercialise technological innovations, boost access to a skilled workforce and improve the image of the sector.
In the autumn statement further measures were announced that will benefit manufacturers including an additional £6.3 billion—of which £1.3 billion was announced earlier in the year—in infrastructure investment over this spending review period, and a further £5 billion in the next. We are now committing £2.4 billion to the Regional Growth Fund and £25 million to a Higher Apprenticeships Fund. In addition, we will be providing £59 million to the modernised Manufacturing Advisory Service between 2012 and 2015. There will also be more funding for science and innovation. Furthermore, on