Britain could build on its position as a modern manufacturing powerhouse if the newly-elected government commits to a long-term, ambitious industrial strategy, says EEF in its manifesto published today.
France's general elections have been the cause of much concern in European industry, with the race between presidential candidates Emmanuel Macron and Marine LePen a high stakes one when it comes to the matter of France's future in the EU.
UK manufacturing is, on average, less productive and grows less quickly than its equivalents in other major economies. Yet the UK is a great place for innovation in technology and has highly skilled workers.
A critical component of the government’s Industrial Strategy over the next four years is an investment of £4.7bn in R&D. Responsibility for managing this Industrial Strategy Challenge Fund lies with Innovate UK, a division of the Department for Business, Energy and Industrial Strategy (BEIS).