The Society of Motor Manufacturers and Traders (SMMT) says that a £13 million Long Term Automotive Supply Chain Competitiveness (LTASC) program helped stimulate an extra £41 million from private investment into England’s vehicle manufacturing supply base.
Begun in 2014, LTASC aimed at helping 27 England-based suppliers to compete globally, by improving their manufacturing processes, R&D capabilities and skills.
The local content of British made cars has increased 44%, up from 36% in 2011.
’The UK’s automotive industry is one of our biggest success stories that continues to attract significant investment from leading manufacturers,’ said UK business secretary Greg Clark.
This story is reprinted from material from the SMMT, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.
