6.1 Advanced Manufacturing
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Where investments are being made
The rest of this document sets out the specific projects and sectors that are being supported by the SIF of the £ 750 million that has been allocated so far . Annex A lists the documents where these announcements have been made in recent months .
6.1 Advanced Manufacturing
In July , a £ 150 million package of targeted investments , with major new measures to help Britain ’ s advanced manufacturing base create competitive advantage for future growth was announced 2 . These measures are to help UK manufacturers seize the opportunities provided by emerging technologies .
Advanced manufacturing describes businesses which use a high level of design or scientific skills to produce technologically complex products and processes , usually of high value . The measures taken by the government aim to expand access to information , encourage the take-up of new technologies and address specific challenges faced by different sectors within advanced manufacturing . The SIF is providing support to a number of projects within this :
Tim Bradshaw , the CBI ’ s Head of Enterprise and Innovation , said :
“ It is good the government is recognising the value of advanced manufacturing , and we hope this package of measures will spur the development of the UK ’ s hi-tech base … Investing in these technologies now will give the UK a competitive edge , and create an important market for high value exports in the future .”
2 http :// www . berr . gov . uk / files / file52374 . pdf
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