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Production: Location

Department for Business, Energy and Industrial Strategy written question – answered on 18th October 2018.

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Photo of Bill Esterson Bill Esterson Shadow Minister (Business, Energy and Industrial Strategy), Shadow Minister (International Trade)

To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps the Government is taking to encourage businesses to retain production in the UK.

Photo of Richard Harrington Richard Harrington Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy)

Through our ambitious Industrial Strategy, we are working with industry to create the right conditions for manufacturing businesses to continue investing in the UK. That means using our record investments in infrastructure to unlock growth in every part of the country; using the major new investment in research. This includes a commitment to increase total R&D investment to 2.4% of GDP by 2027 to support innovative manufacturing businesses across the country; and encouraging inward investment.

We are:

  • • Investing £1bn through the ambitious new Industrial Strategy Challenge Fund, bringing together world class UK research with business investment to develop the technologies and industries of the future;
  • • Reforming our technical education system to achieve a world-class status;
  • • Developing a National Retraining Scheme to support adults to upskill and reskill throughout their career as the economy changes;
  • • Creating the UK Shared Prosperity Fund, a domestic programme of investment to boost productivity and reduce economic inequality across the country following our departure from the European Union;
  • • Working with industry to exploit opportunities highlighted in the Made Smarter Review, which identifies significant benefits to the UK from integrating digital technology into manufacturing through a strong government and industry partnership.

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