Nigel Evans, MP for the Ribble Valley, is looking forward to the launch of the new Industrial Strategy plan by Theresa May. The main objective of which is to enhance productivity and boost access to capital and subsequently lead to higher competitiveness and improved trade performance.
Mr. Evans said:
“Over the past years the north has constantly grown its share of UK exports in key industries such as advanced manufacturing, energy, tourism and it is crucial that this trend is maintained. It is of utmost importance that under the new Industrial Strategy the right conditions are created for not only the incumbent companies but also for new and growing businesses to thrive.”
The UK’s Aerospace, Defence and other sectors have worked closely with the government to develop successful growth partnerships. For example over 70% of the enterprises benefiting from the Aerospace Growth Partnership R&D and supply chain programmes are located outside London and the South East.
Furthermore Nigel is happy about the freshly announced funding awards for the Local Enterprise Partnerships. The Lancashire Local Enterprise Partnership (LEP) is focused on achieving inclusive growth notwithstanding a high social value from its public investment. To date it received over £320 million which among others will be used for the South Lancaster Housing Growth Initiative, the Advanced Manufacturing Research Centre North West and the North West Burnley Growth Corridor.
Although not all of those facilities are located in the Ribble Valley they definitely provide services which will be of benefit to the residents of the Ribble Valley.