Deputy Prime Minister announces new jobs and investment for UK advanced engineering excellence

The Deputy Prime Minister Nick Clegg will today announce a series of deals by UK companies that will lead to hundreds of jobs in the engineering, aerospace and automotive sectors. He will give the keynote address at the British Business Embassy on advanced engineering excellence being held at Lancaster House today.

Senior representatives of major global companies such as Airbus, Jaguar Land Rover, JCB, McLaren Racing, Nissan, Rolls-Royce, Siemens, Atkins, GKN and Spirit AeroSystems will attend and participate in panel-led discussions about the strength of the UK as a trading partner and the investment location of choice.

The Deputy Prime Minister, Nick Clegg, said: “The skills and expertise of British businesses are gold medal standard and highly sought after across the world.

“The UK is one of the top ten manufacturers in the world. Our manufacturing sector is a national success story and lies right at the heart of our strategy for economic recovery and growth.

“The announcements being made today will create and safeguard jobs and stimulate growth. They are a welcome boost to British business and a vote of confidence in the UK.”

The summit will explore the UK’s capability in this high growth sector and investments into the UK; how the collaboration between academia and business has helped the UK retain and build its leading edge position; supply chain excellence and British engineering.

Business Secretary Vince Cable said: “The key to a sustainable and balanced economy is having a long-term approach to growth, investing in manufacturing technology, R&D and skills so we have the right talent to make the most of the recovery.

“Working with business, we are taking steps to strengthen the UK’s manufacturing capability, ensuring a better business environment that will address barriers to growth, encourage innovation, exports and inward investment as well as build UK supply chains.“