Government earmarks £4.5bn for investment into British manufacturing sector

Clean energy push

The government has outlined a £4.5bn boost for strategic manufacturing sectors in a drive to increase investment across the UK.

In a statement, the Treasury said that the funding will be available across eight UK sectors, with £960m allotted for a Green Industries Growth Accelerator to push clean energy development. The Accelerator programme will focus on "home grown" clean energy supply chains, highlighting carbon capture, utilisation and storage, electricity networks, hydrogen, nuclear and offshore wind options. Chancellor Hunt weighs allowing ISAs to hold fractional shares - reports Over £2bn has also been earmarked for the automotive industry and £975m for aerospace, supporting the manufacturing, supply...