UK Government to boost British manufacturing

The UK Government is investing £360mln into the UK's life sciences and manufacturing sectors.

Ahead of the Spring Budget, Chancellor Jeremy Hunt has announced funding for R&D and manufacturing projects across the life sciences, automotive and aerospace sectors.

There is £92mln for joint government and industry projects to expand facilities to manufacture life-saving medicinces and diagnostics products.

There is also a £200mln joint investment in zero-carbon aircraft technology to develop a more sustainable aviation sector and almost £73mln into automotive sector.

The funding is said to be allocated towards several companies and projects that are making cutting-edge technology in sectors key to economic growth, and is part of wider government support to ensure the UK is the best place to start, grow and invest in manufacturing.