Manufacturers are calling for a huge boost to infrastructure and innovation in next month’s Autumn Statement. Manufacturers’ organisation EEF said the Chancellor should announce measures to help investment, such as spending more on the road network.
EEF chief executive Terry Scuoler said: “We have seen a significant turnaround in the economy over the last year and it is important for the Government to maintain its focus on areas which drive growth, including maintaining a competitive tax regime and other measures which support high-value investment and innovation.
“Despite the forthcoming election, Government must continue to drive forward with policies which support long-term growth and the rebalancing of our economy.
“Manufacturers are also heavily reliant on road networks. Implementation of those projects left on the too difficult list for too long is an urgent priority.
“In addition, Government has created a network of innovation centres which bring industry and universities together as a seed-bed for new ideas and business opportunities.
Amid the many funding pressures ministers face I hope that support for the existing Catapult centres will therefore be enhanced to make sure they stay at the cutting-edge of technology and keep Britain at the forefront of manufacturing excellence.”
