The government has announced £4.5bn in funding for British manufacturing to increase investment in eight sectors across the UK. The funding will be available from 2025 for five years to help boost economic growth, energy security and provide industry with longer term certainty about their investments.
Over £2bn has been earmarked for the automotive industry and £975m for aerospace, supporting the manufacturing, supply chain and development of zero emission vehicles, and investment in energy efficient and zero-carbon aircraft equipment.
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