Gbp 300m Rolls-Royce Boost for Manufacturing Sector

The ScotsmanJuly 29, 2009

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Summary


ROLLS-Royce yesterday gave the troubled manufacturing sector a boost after unveiling plans to invest GBP 300 million in four new British factories that will create or safeguard 800 jobs.

The move by one of the country's biggest engineering companies came as the government launched a GBP 150m package aimed at helping manufacturers capitalise on new technologies, of which Rolls-Royce will get GBP 45m towards the plants.

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Gbp 300m Rolls-Royce Boost for Manufacturing Sector

Launching the initiative, Business Secretary Lord Mandelson said it was a "myth" that Britain's manufacturing industry...

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