The announcements were made at the opening of the British Business Embassy, part of a series of 18 business summits, which will today focus on advanced engineering excellence.
Leading figures from some of the top global companies will participate in panel-led discussions throughout the day on the strengths of the UK, the UK’s capabilities for growth and exploring British engineering.
Deputy Prime Minister, Nick Clegg, said: “Our manufacturing sector is a national success story and lies right at the heart of our strategy for economic recovery and growth.
“The announcements being made today will create and safeguard jobs and stimulate growth. They are a welcome boost to British business and a vote of confidence in the UK.”
During his opening speech, he emphasised the growing need to attract young people to work in manufacturing. He said: “I want to underline the importance of inspiring the next generation to dream of being the next Brunels and Stephensons.”
The summit has been organised by the Government to coincide with the Olympic Games. The Retail, Food and Drink summit held yesterday saw major UK companies such as King of Shaves and William Santus make positive announcements about the growth of demand for UK export.