To Some Extent, Government Investment Is the Most Important Factor in the Revival of British Industry

In: Business and Management

Submitted By kamalkoroma
Words 320
Pages 2
To some extent, government investment is the most important factor in the revival of British industry as it simulates growth with the economy. Government intervention is required to ensure the UK has the infrastructure, skills and access to investment to allow manufacturing to thrive. Financially attractive environments provide incentives to locate manufacturing industries in the UK. Nissan has been provided a £9.3m grant for the Nissan note to be built in the UK, production would have been in India if not for this investment, jobs would have left the uk resulting in an increase in unemployment, Nissan currently provides 6000 jobs in the UK.
The regional growth fund help to meet the educational policies set by the government. More teachers and young people will go behind the scenes, this gives people a first-hand view of modern manufacturing and the exciting careers that are available to inspire the next generation to go into engineering and manufacturing. This will assist with the skills shortage that the uk is currently facing. Airbus, the world’s leading aircraft company, received £1.4m in funding from the fund to help provide training to develop a £190m investment in the production of new low carbon diesel engines at its Dagenham, £8m of the investment coming from the Regional Growth fund, this investment will create 300 jobs in that area, further reducing unemployment and through the training scheme people will gain the necessary skills that they need to revive the British industry. Due to government legislation, companies need to become much more eco-friendly in order to perverse the economy, so to assist and support the new legislation, the government are providing funding into the low carbon vehicles, providing incentives to purchase electric vehicles, this allows the creation of more jobs to be created and more funding to be made for more research and…...

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