ADVANCED MANUFACTURING - The government’s Modern Industrial Strategy sets out investment in the latest technologies in the advanced manufacturing sector through £4.3bn in funding, including up to £2.8bn in research and development programmes over the next five years to spur innovation, automation, digitisation and commercialisation. - The UK’s advanced manufacturing sector is set to receive nearly double the business investment, to £39bn per year. - A pilot initiative in partnership with the North East Combined Authority for an electric vehicles manufacturing cluster, creating a blueprint for unlocking other clusters of excellence in other key growth areas across the UK. - The Modern Industrial Strategy sets out the approach to support advanced manufacturing clusters across the UK, with 84% of jobs located outside London and the South East and strong concentrations of businesses in Glasgow and Edinburgh; the North East; Belfast; Yorkshire; the North West; Wrexham and Flintshire; East Midlands; West Midlands; South West and the Oxford to Cambridge Corridor. - The Modern Industrial Strategy has given license to expand the National Wealth Fund’s £27.8bn mandate to focus more strategically on driving growth. Focusing on key Modern Industrial Strategy subsectors, including advanced manufacturing. - Boosted funding for early career further education teachers in areas such as advanced manufacturing. - The extension of the existing Metro network in the North East serves one of the UK's largest advanced manufacturing zones. - Reform of the business environment to give the advanced manufacturing sector long-term stability, enabling it to reduce electricity costs, strengthen supply chains, scale up innovation with advanced technologies and develop a digitally skilled workforce.
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