Tag Archives: Economy

New Car and Van Forecast – April 2013

Posted 14:12 Wednesday 24 April 2013

SMMT forecasts new car and van registrations for the UK to 2014. The forecasts are prepared by the SMMT’s Economics Team and are revised on a quarterly basis.

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Vauxhall commits to UK manufacturing at Ellesmere Port

Posted 10:00 Thursday 17 May 2012

Vauxhall today confirmed that it will invest £125 million to continue manufacturing at its Ellesmere Port plant in Cheshire, creating 700 new jobs.

Posted in Economic sustainability, Industry news, News | Also tagged | Comments closed

Automotive jobs and manufacturing will benefit from business-focused Budget

Posted 14:14 Wednesday 21 March 2012

Today’s Budget recognised the significance and importance of a rebalanced, export-led economy, by taking steps to encourage international investment in R&D and manufacturing in the UK through considered taxation reforms and incentive programmes.

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Nissan Sunderland’s 25th anniversary marked by a record-breaking year

Posted 8:00 Wednesday 4 January 2012

Staff at Nissan Sunderland capped the plant’s 25th anniversary year with a string of new UK car industry records. In 2011, the plant made a total of 480,485 vehicles, besting the 423,262 cars produced in 2010, which was the first time any UK car plant made more than 400,000 cars in one year.

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Access to finance is key to automotive supply chain growth

Posted 9:57 Thursday 8 December 2011

A new report, published today, has highlighted the need to get capital into the UK’s automotive supply chain to stimulate growth and take advantage of the opportunities created by recent OEM investment announcements.

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Autumn Statement delivers boost to UK competitiveness

Posted 13:07 Tuesday 29 November 2011

The Chancellor has responded to industry calls to reform the R&D tax credit system, announcing the change to an ‘above the line’ credit in today’s Autumn Statement. The reform will signal the UK’s international competitiveness, generate more investment in UK R&D, safeguard jobs and affirm the country’s status as a prime location to base high-skill operations.

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Automotive industry calls for investment and growth action in Autumn Statement to boost UK competitiveness

Posted 0:01 Friday 25 November 2011

In a letter to the Chancellor, SMMT has called on government to use next week’s Statement to deliver tangible changes to unlock private sector investment and support export-led growth.

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Manufacturing sector calls for tax reform to boost R&D investment and jobs in the UK

Posted 9:30 Monday 7 November 2011

Reforms to R&D tax credits could drive an increase in R&D investment in the UK and boost job creation, according to an independent report published today.

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UK automotive sector is ripe for investment

Posted 15:07 Wednesday 12 October 2011

This week, SMMT has stepped-up its engagement with UK and international investors, setting out prime growth opportunities offered by the shift to a low carbon economy.

Posted in Economic sustainability, Industry news, Industry Topics, News, Sustainability | Tagged | Comments closed

Peers and MPs call on government to support UK automotive

Posted 0:01 Wednesday 13 July 2011

A cross-party group of MPs and Peers will today publish a report calling on government to support UK automotive to ensure industry achieves its potential as a significant driver of growth.

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