The Government has renewed efforts to boost investment in manufacturing industry with the publication of a new guide on the benefits of modern manufacturing equipment.
Launching Informed Investment this week, industry minister John Battle urged businesses to exploit the capabilities of high performance production methods.
‘Any glance at the international competition suggests the need for increased levels of carefully planned and justified investment and for a constructive partnership between industry and finance to bring this about,’ Battle said.
The booklet deals with investments in equipment and methods ranging from CNC machine tools to computerised resource planning and rapid prototyping.
Investment levels in UK manufacturing remain lower than in many other industrialised countries.
The DTI’s competitiveness working party believes this is a result of a lack of management skills in assessing investment, and skills shortages in the workforce that mean equipment is not used effectively.
Informed Investment is published with Money and Machines, an updated guide to investment funding for small and medium enterprises. Both are available free from DTI Admail 528, London SW1W 8YT.