Labour will today (Tuesday 27 February) pledge to boost
manufacturing in Britain’s industrial heartlands through the
Green Prosperity Plan.
Speaking at the Make UK conference Shadow Business Secretary
will promise to “build
more in Britain, backing our makers to create good jobs in every
part of the country".
Labour’s Green Prosperity Plan will revitalise our industrial
heartlands with a £7.3 billion National Wealth Fund to
re-industrialise the UK and create hundreds of thousands of good
jobs for plumbers, electricians, engineers, and technicians
across the country.
The ambitious plan will also see £3billion of investment into
steel over the course of the next Parliament to protect the UK’s
capacity to make primary steel. Funding will also go to eight
electric battery factories, creating 80,000 jobs and supporting 2
million more cars made in Britain.
The party’s commitment to build the industries of the future here
in Britain will also benefit our proud industries of today. The
Party’s plans will upgrade our ports so they are renewable-ready,
with an investment of £1.8 billion, which would inject investment
into nine clusters, including; Forth and Tay, Humber, East
Anglia, Solent, North West and North Wales, Belfast Harbour,
North East Scotland, North East England and the Celtic
Sea.
Speaking about the importance of manufacturing to the
economy , Labour’s Shadow Business
and Trade Secretary, , is expected to
say:
“Labour knows that the good jobs, sustained growth and
productivity boom will only come if we harness the power of
Britain’s makers.”
“Our plan for manufacturing will bolster our industrial
heartlands, be that clean steel in Wales, a renewable ready port
in the Humber, a gigafactory in the West Midlands or carbon
capture and storage in North East Scotland.”
“Under Labour ‘Built in Britain’ will not be a hark back to our
industrial heritage but a statement of intent for the future
facing economy we could have. Labour will reindustrialise
Britain bringing good jobs and opportunities to every part of the
country.”
Ends.
Notes:
Labour’s Plan for Manufacturing:
Industrial Strategy and sector plans
- Labour will place Industrial Strategy on a statutory footing
with an Industrial Strategy council that brings business and
trade unions together to increase industrial capacity. This
includes developing Labour’s sector plans for the automotive and life
sciences sector.
Energy
- Labour will deliver clean energy by 2030, through GB energy
which will deliver the floating offshore wind, nuclear, hydrogen
and solar power we need to lower industrial energy costs.
Labour’s British Jobs Bonus will incentivise clean energy
companies to create jobs and supply chains in our industrial
heartlands.
Trade
- Labour will pursue a trade strategy that works hand in glove
with our foreign and industrial policy objectives, delivering
sectoral agreements to support British manufacturers like
critical mineral agreements
Tax stability
- Labour will continue full expensing and cap the headline rate
of corporation tax at its current rate of 25 per cent for the
next parliament can invest with confidence in Britain will full
knowledge of their tax liability
Skills
- Labour will introduce Skills England and technical excellence
colleges to provide British manufacturers with the skills they
need, and give businesses the flexibility they need on the
Apprenticeship Levy to ensure they can invest in their
workforce
Labour’s plan for Automotive Sector: Driving a Growing Economy:
Labour's Plan for the Automotive Sector – The Labour
Party
Labour’s Clean Energy
plans: Switch on Great British Energy – The Labour
Party
