UK Touts ‘Advanced Manufacturing Plan’ to Boost Jobs

11/27/2023 06:33
UK Touts ‘Advanced Manufacturing Plan’ to Boost Jobs

The UK government unveiled what it called an “Advanced Manufacturing Plan” aimed at supporting local job creation and industries, including in battery production.

The UK government unveiled what it called an “Advanced Manufacturing Plan” aimed at supporting local job creation and industries, including in battery production.

The new blueprint includes £2 billion ($2.5 billion) in funding for the auto industry, £975 million for aerospace and may create 100,000 new roles in the battery sector, according to a statement. It also builds on recent announcements by Nissan Motor Co, to invest £2 billion to expand its UK electric-vehicle hub and by Tata Motors Ltd. to construct a £4 billion gigafactory in Somerset.

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