The UK has launched a £300 million investment aims at boosting manufacturing capabilities and cutting emissions in the aerospace, automotive, pharmaceuticals and food and beverage sectors.
The government will invest £147 million, backed by industry financing, to support businesses in implementing new technologies that can improve productivity, create new jobs, slash emissions and reduce prices as the economy recovers from the coronavirus crisis.
The Manufacturing Made Smarter Challenge's initial £50 million of funding is being granted to 14 manufacturing projects, with the rest of the funds to be delivered over the next five years.
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