Boosting British Manufacturing Excellence
In a groundbreaking move, Business Secretary Kemi Badenoch has revealed plans to fortify British excellence in advanced manufacturing. Unveiled on November 26, the Advanced Manufacturing Plan (AMP) is set to attract long-term private investment, creating high-paid jobs and positioning the UK as the global hub for manufacturing businesses.
A Vision for the Future
The AMP, a brainchild of the UK government, is designed to propel the nation to the forefront of manufacturing innovation, targeting key industries such as automotive, aerospace, clean energy, and life sciences. A substantial £4.5 billion commitment has been made to ensure the long-term prosperity of these sectors, with a focus on supporting industries undergoing significant transformations for a seamless transition to a net-zero future.
Key Measures Outlined in the Plan
Outlined in the plan are key measures aimed at improving the business environment and attracting investment. These include faster grid connections, full expensing, and a commitment to fostering apprenticeships. The goal is clear — to leverage the UK’s competitive advantage in manufacturing, making it a global leader in zero-emissions technology and creating thousands of high-quality jobs.
Building on Recent Successes
The AMP builds on recent investment victories, including Nissan’s £2 billion investment in Sunderland, Tata’s £4 billion gigafactory, BMW’s £600 million Electric Mini investment, and Boeing’s unlocking of £80 million aerospace manufacturing investment in Sheffield. These successes underscore the government’s commitment to job creation, economic growth, and the long-term prosperity of British manufacturing.
A Bold Statement from Business Secretary Kemi Badenoch
Business Secretary Kemi Badenoch emphasized the UK’s recent achievement, surpassing France to become the world’s eighth-largest manufacturing economy. The AMP, she stated, would build on this success by strategically directing funding to areas where the UK holds a competitive advantage. Badenoch highlighted the industry’s desire for a stable, long-term plan that supports cutting-edge technologies and delivers on trade policies, which the AMP aims to fulfill.
Prime Minister Rishi Sunak Backs the Plan
Prime Minister Rishi Sunak expressed unwavering support for the AMP, affirming the government’s commitment to making the UK a world leader in manufacturing. With over 43 percent of all exports and 2.6 million employed in the sector, Sunak sees the plan as a catalyst for long-term industry certainty, job creation, and economic growth.
The Battery Sector’s Potential Impact
The plan zeroes in on the battery sector’s potential to create 100,000 highly paid and skilled jobs in the UK. Simultaneously, the government has published the UK’s inaugural Battery Strategy, outlining a roadmap to attract investments and establish a globally competitive battery supply chain by 2030. Global companies are already choosing the UK, with every pound of government investment leveraging five pounds of additional private sector investment.
Expansion of Made Smarter Adoption Program
To foster growth in small and medium-sized manufacturing businesses, the government announced the expansion of the Made Smarter Adoption program. This initiative aims to offer support to all English regions by 2025-26, with plans to collaborate with Devolved Administrations for further expansion in 2026-27.
Industry Voices in Support
Industry leaders, including Mike Hawes (SMMT Chief Executive), Kevin Craven (CEO of ADS), Stephen Phipson (CEO of Make UK), and Secretary of State for Science, Innovation, and Technology Michelle Donelan, expressed their support for the AMP. They lauded the plan for its focus on decarbonizing road transport, supporting the aerospace sector, and developing a comprehensive battery strategy.
The Plan’s Focus on Investing in the Future, Supply Chain Resilience, and Reducing Barriers to Business
The AMP outlines a three-pronged approach focusing on investing in the future of UK manufacturing, building supply chain resilience, and reducing costs and barriers to business. Noteworthy initiatives include the establishment of a Hydrogen Taskforce, the UK’s Battery Strategy, and measures announced in the Autumn Statement to remove barriers and back businesses.
Government’s Commitment to Growth and Innovation
As the UK positions itself for manufacturing excellence, the government remains committed to fostering growth and innovation. Measures such as the Full Expensing scheme, support for the British Industry Supercharger, and the Industrial Energy Transformation Fund underscore the dedication to creating an environment where manufacturing can flourish without bureaucratic hindrances.
Voices from Industry Leaders
Industry leaders voiced their appreciation for the plan, citing its timely intervention, significance for the aerospace sector, and the much-needed battery strategy. They highlighted the plan’s potential to drive investment, and innovation, and secure the future advantage of British industries.
Future Outlook and Investment Opportunities
Looking ahead, the AMP charts a course for the UK to embrace new technological opportunities and position itself as a leader in the global manufacturing landscape. The government’s investment in battery R&D, totaling £61 million, demonstrates a commitment to providing the necessary support for manufacturers to thrive and contribute to the nation’s economic growth.
In conclusion, the Advanced Manufacturing Plan paints a promising picture for the future of British manufacturing. With substantial investments, strategic initiatives, and industry support, the UK aims to not only retain its position as a global manufacturing powerhouse but also lead the way in innovation and sustainability. As the plan unfolds, it lays the groundwork for a future where British manufacturing is synonymous with excellence and forward-thinking solutions.