Latest Public Sector News

10.08.12

Investment and jobs announced for UK engineering

New jobs will be created to advance the UK’s engineering excellence, Deputy Prime Minister Nick Clegg has announced at a business summit held today. 

A series of deals with UK companies will create jobs in the engineering, aerospace and automotive sectors, and investment will boost the country’s manufacturing capabilities. 

Tbilisi Aircraft Manufacturing has signed an agreement to locate their advanced manufacturing campuses in the Hereford Enterprise Zone and Model Farm Ross-on-Wye, creating over 1,000 new jobs. Over 10% of these will be apprentices, and local spending power will be increased by £20m per year.

Airbus is to recruit 169 apprentices and graduates in September. Bifrangi has received permission for a new steel forge in Lincoln and will invest €50m (£39m), creating 50 and safeguarding 100 jobs.

Pirelli Group has announced a £20m investment in R&D and new process machinery; creating 37 new and protecting 120 UK jobs, while GKN plc investment of over £12m will increase the capacity of its facilities in Birmingham and Telford.

The Deputy Prime Minister, Nick Clegg, said: “The skills and expertise of British businesses are gold medal standard and highly sought after across the world.

“The UK is one of the top ten manufacturers in the world. 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.”

Business Secretary Vince Cable said: “The key to a sustainable and balanced economy is having a long-term approach to growth, investing in manufacturing technology, R&D and skills so we have the right talent to make the most of the recovery.

“Working with business, we are taking steps to strengthen the UK’s manufacturing capability, ensuring a better business environment that will address barriers to growth, encourage innovation, exports and inward investment as well as build UK supply chains.”

Tell us what you think – have your say below, or email us directly at opinion@publicsectorexecutive.com

Comments

There are no comments. Why not be the first?

Add your comment

 

related

public sector executive tv

more videos >

last word

Prevention: Investing for the future

Prevention: Investing for the future

Rob Whiteman, CEO at the Chartered Institute of Public Finance (CIPFA), discusses the benefits of long-term preventative investment. Rising demand, reducing resource – this has been the r more > more last word articles >

public sector focus

View all News

comment

Peter Kyle MP: It’s time to say thank you this Public Service Day

21/06/2019Peter Kyle MP: It’s time to say thank you this Public Service Day

Taking time to say thank you is one of the hidden pillars of a society. Bei... more >
How community-led initiatives can help save the housing shortage

19/06/2019How community-led initiatives can help save the housing shortage

Tom Chance, director at the National Community Land Trust Network, argues t... more >

interviews

Artificial intelligence: the devil is in the data

17/12/2018Artificial intelligence: the devil is in the data

It’s no secret that the public sector and its service providers need ... more >

the raven's daily blog

The evolution of digital transformation for local government

05/06/2020The evolution of digital transformation for local government

Content provided by TechnologyOne, editorially reviewed by Public Sector Executive. A CEO’s perspective  Andrew Grant, former CEO of Aylesbury V... more >
read more blog posts from 'the raven' >

editor's comment

25/10/2017Take a moment to celebrate

Devolution, restructuring and widespread service reform: from a journalist’s perspective, it’s never been a more exciting time to report on the public sector. That’s why I could not be more thrilled to be taking over the reins at PSE at this key juncture. There could not be a feature that more perfectly encapsulates this feeling of imminent change than the article James Palmer, mayor of Cambridgeshire and Peterborough, has penned for us on p28. In it, he highlights... read more >