American multinational corporation Boeing recently joined the UK Government and other UK partners in a multi-million investment.
The union marks Britain’s largest advanced manufacturing investment ever, a total of £80 million. The new endeavour is designed to support the development and testing of all-new innovative composite manufacturing technologies. Its long-term goals are to generate thousands of UK jobs for highly skilled professionals and revolutionise aerospace manufacturing in Britain.
The investment supplied by the joint forces of industry and government was recently announced by the Jeremy Hunt, the UK’s Chancellor of the Exchequer at the first of 12 “Investment Zones”, South Yorkshire. The 12 different zones are set to be established throughout the country based near universities and clusters where high growth industries, such as life sciences and advanced manufacturing, are sited.
The Chancellor commented:
“Our first Investment Zone is a shining example of how we will drive growth across the country by focusing on key industries that bring good jobs and new opportunity. It’s already attracted £80 million of investment, including backing from Boeing.”
From governments and corporations to savvy UK savers, clients of all kinds take investment advice in Shropshire, Yorkshire and other parts of the country before making sizeable investments.
The South Yorkshire project is led by Boeing, and designed to further methods of advanced manufacturing methods to achieve higher rates in manufacturing and greater production efficiency. While initially it will create approximately 50 local jobs, in the long-term it could provide around 3,000 more nationwide.
