Government pledges £120m to support ceramics firms
The UK government has announced a £120 million funding package to support the ceramics industry, which is vital for various sectors including aerospace and clean energy. This funding aims to enhance energy efficiency and sustainability among manufacturers while securing jobs in the long term. Industry leaders express optimism about the potential for growth and resilience in the face of recent challenges.
- ▪The funding includes £60 million for capital investments in new equipment and £60 million for operational costs.
- ▪Ceramics UK has been tasked with designing and implementing the funding scheme with civil servants.
- ▪The ceramics sector has faced challenges, including rising energy costs and competition, leading to a decline in the number of firms in north Staffordshire.
- ▪Despite recent struggles, the net worth of companies in advanced ceramics has increased since 2018, with a 35% rise in supply chain turnover.
- ▪Business Secretary Peter Kyle emphasized the importance of supporting industries for the country's resilience.
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Government pledges £120m to support ceramics firms7 minutes agoShareSaveAdd as preferred on GoogleAlex McIntyre and Richard PriceWest MidlandsPA MediaA report commissioned by Stoke-on-Trent City Council said the ceramics industry could grow with the right government supportThe government has announced a £120m package to support the UK ceramics sector.Rob Flello, chief executive of industry body Ceramics UK, said he was "delighted" with the news."It's a fantastic recognition of the importance of the UK ceramics industry, how it is both a critical enabler of other industries but also essential to everyday life," he said.The funding includes £60m of capital funding to help manufacturers invest in new equipment to support energy efficiency and long-term sustainability, and a further £60m to…
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