Department for Business and Trade written question – answered at on 8 July 2026.
Justin Madders
Labour, Ellesmere Port and Bromborough
To ask the Secretary of State for Business and Trade, what steps he is taking to support manufacturers to increase capital intensity.
Chris McDonald
Parliamentary Under-Secretary of State (Department for Energy Security and Net Zero), Parliamentary Under-Secretary of State (Department for Business and Trade)
Last year this government published our Modern Industrial Strategy, setting out our long-term approach to strengthening domestic capability. The complimentary Advanced Manufacturing Sector Plan outlines both sector-specific and cross-cutting measures designed to support manufacturers grow and thrive – including on skills, access to finance and tech adoption. This is underpinned by £4.3 billion government funding over 5 years, alongside £4 billion from the British Business Bank Industrial Strategy Growth Capital and £27.8 billion available from the National Wealth Fund to help manufacturing business access the finance they need to expand.
We have also enhanced and expanded the Office for Investment to target advanced manufacturing investors.
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Secretary of State was originally the title given to the two officials who conducted the Royal Correspondence under Elizabeth I. Now it is the title held by some of the more important Government Ministers, for example the Secretary of State for Foreign Affairs.
