To ask Her Majesty's Government what plans they have to introduce a Build Back Better fund to help the manufacturing sector recover after COVID-19.
Answered on
29 December 2021
The Government is, and will continue to be, a champion of the needs of business and industry, including the UK manufacturing sector. This is why the principles of our Plan for Growth, and its supporting strategies will put the UK at the forefront of opportunities, give businesses the confidence to invest, boost productivity across the UK, enable our green industrial revolution, and support our vision for Global Britain.
As part of the Spending Review, my Rt hon Friend Mr Chancellor of the Exchequer announced the Made Smarter Adoption programme award of £24 million for the period covering 2022-25 to help manufacturing SMEs increase productivity, competitiveness and drive-up efficiency by adopting industrial digital technology. This funding is in addition to the £8 million committed to the programme for the period covering 2021-22 and builds on the success of the £20 million North West pilot.