UK Business Secretary Lord Mandelson is at it again, vowing that “None of this is going to happen with government simply standing on the sidelines!" Harumph to that!
The grant is more accurately £1,103,392, and is targeted to help Jaguar Land Rover pay for a £2million project involving factories in Birmingham and Solihull, and engineers Bladon Jets, based in New Shrewsbury. It's all part of a new business strategy designed to help rebuild the economy following the recession... even if it admits to NOT bringing back old jobs.
UK Business Secretary Lord Mandelson warned that old jobs which had been lost might never come back, even once the recession is over. He's being honest. After all, isn't that what they said to the ice-block delivery guys when the refrigerator/freezer was invented? Times and technologies change, and government and industry need to work together to replace those jobs by backing new forms of industry.
He continued: “The recovery is only the beginning of how we are going to pay our way in the global economy. The jobs of the future won’t be the same as those in the past.
“We will turn new technologies into jobs, like those in digital and biotechnologies. We will commercialize the output of our hugely successful science and research base. We will turn low carbon into business and employment opportunities.
“None of this is going to happen with government simply standing on the sidelines. Other governments are actively investing in their industrial strength. We have to do the same.”
The JLR funding is part of a £12 million grant announced to help firms develop low carbon cars, announced as part of the strategy. It will be used to help develop lightweight electric engines.
This could be very interesting. We'll wait and see what happens...
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