Deputy Prime Minister Nick Clegg and Business Secretary Vince Cable view a Rapide S car with Aston Martin chief executive Ulrich Bez at their production facility in Gaydon

Manufacturing gets �200 million boost

Over £200 million of government and industry investment will be made to strengthen manufacturing supply chains and create jobs.

Deputy Prime Minister Nick Clegg will announce that 12 projects have been awarded money from a government initiative, including moves to tackle skills shortages in the aerospace sector.

Huddersfield-based David Brown Gear Systems will be given money to help create large gearboxes for the next generation of offshore wind turbines, while Aston Martin will be helped by the Regional Growth Fund to develop a new car.

Mr Clegg said: "Boosting jobs and growth is my number one priority to build a stronger economy. This investment will secure Britain's future as a world leader in industries like cars, where we have traditionally taken the lead, and new technologies such as wind turbine gears and semiconductor chips.

"Investing in the iconic Aston Martin means that our home grown expert engineers will make the Rapide S here which is excellent news.

"The Regional Growth Fund is all about giving power to businesses and investing in projects that will have a long-term impact on local areas."

Around 11,000 new jobs will be created and a further 5,000 safeguarded under the announcement, said the government.

Mr Clegg toured Aston Martin's site in Gaydon, Warwickshire, accompanied by Business Secretary Vince Cable who said: "As we celebrate Aston Martin's 100th anniversary, it's encouraging to see the company investing in new technologies and creating valuable British jobs outside of London.

"This is exactly the type of high-value manufacturing that we excel at here in the UK.

"Our Industrial Strategy, which creates a joint business plan between government and industry, will ensure that we retain and grow these types of businesses in the long term."

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