The Government has announced new funding packages for the ceramics and chemicals sectors, worth £120 million and £350 million respectively.
The £350 million Critical Chemicals Resilience Fund will support strategically important producers and sites, strengthen critical supply chains and help support thousands of skilled jobs.
The ceramics package worth £120 million will back energy efficiency, decarbonisation and long-term competitiveness in a sector vital to UK manufacturing.
The Government states that “thousands of UK jobs across British industry are set to be secured thanks to £350m of Government support for strategically important chemicals producers and sites alongside a separate £120m scheme for the ceramics sector.”
Business Secretary Peter Kyle said:
At a time of global uncertainty it’s never been more important to ensure Britain’s resilience and back the industries our country depends on, and this funding will support thousands of jobs and put businesses on a secure footing for the long term.
This is what a strategic state looks like: acting swiftly with targeted support in the national interest and giving certainty to the industries crucial to both our everyday lives and our economic future.
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