To ask His Majesty's Government what steps they are taking to strengthen the UK's advantages as a location for manufacturing operations.
Answered on
25 January 2024
UK is a strong global hub for advanced and technology-driven manufacturing, with the fastest productivity growth in the G7 between 2010-2021 overtaking France to become the world’s 8th largest manufacturing nation.
The Advanced Manufacturing Plan, provides a package of measures to make UK manufacturing even more competitive, including: a £4.5bn package to 2030, tax cuts, business environment measures and initiatives to increase resilience including the UK Battery Strategy.
The plan builds on significant recent successes, including Tata’s investment of over £4 billion in a new 40 GWh gigafactory, and a £2 billion Nissan led investment to produce electric vehicles in Sunderland.