VIDEO: East Lancashire's world class manufacturing hailed by Vince Cable

Lancashire Telegraph: trucking talk At Leyland, from left, Leyland Trucks’ Ron Augustyn, Vince Cable and Ray Ashworth of DAF trucking talk At Leyland, from left, Leyland Trucks’ Ron Augustyn, Vince Cable and Ray Ashworth of DAF

BUSINESS Secretary Vince Cable has said East Lancashire firms are well positioned to be at the forefront of a ‘re-balancing’ of the economy towards manufacturing.

 

Dr Cable visited manufacturing plants at BAE Systems at Warton and Leyland Trucks yesterday, praising the ‘world class’ skills base in the county.

He hailed BAE as a ‘brilliant example of British advanced manufacturing’ during the visit, which marked the recent agreement with Oman to buy 12 Typhoon and eight Hawk Advanced Jet Trainer aircraft.

The minister also revealed that business leaders had told him they were in ‘advanced negotiations’ to attract big name companies to the Lancashire Enterprise Zone based around the BAE site at Samlesbury and designed for a variety of hi-tech sectors.

He said: “There are key manufacturing industries in Lancashire, including aerospace and vehicle manufacture, which have a highly trained and motivated labour force.

“They are world class industries and manufacturing as a whole is key to the economy’s recovery.

“There has been too much reliance in our economy on the banking and financial sectors.

“Much of the problem is psychological, people thinking ‘we don’t make things anymore’. Well we do and we will do in the future.

“The trouble is that in the past Britain probably rather neglected exports.

“We had an overvalued exchange rate for many years and we took our eye off the ball. But the future recovery of Britain depends very heavily on our ability to export successfully.”

Dr Cable added that East Lancashire suppliers to the aerospace industry such as Burnley-based Aircelle, and Rolls Royce and Euravia, both based in Pendle, were all examples of how the sector was growing.

He said the Lancashire enterprise zone had been ‘slow to get off the ground’ but he expected ‘a few big companies’ to be attracted to Lancashire, building on the aerospace capabilities already in the region.

Companies locating in Samlesbury can get business rates relief worth up to £275,000 over a five-year period He also supported apprenticeship schemes and pledged support in that area for the ‘60 per cent of youngsters who do not go to university’.

Comments (3)

Please log in to enable comment sorting

5:15pm Fri 11 Jan 13

shytalk says...

World class manufacturing in Ne Lancashire yes...Whats left of it.
World class manufacturing in Ne Lancashire yes...Whats left of it. shytalk

8:38pm Fri 11 Jan 13

mavrick says...

Vince toured the Honda factory in Swindon a couple of months ago. Saying the same things, that has proved to be a bit of a jinx.
Vince toured the Honda factory in Swindon a couple of months ago. Saying the same things, that has proved to be a bit of a jinx. mavrick

6:01pm Sat 12 Jan 13

Noiticer says...

Where is the Government's strategic industrial policy to regenrate our manufacturing sector? It simply hasn't got one relying on the free market which has been disastrous. Would the Germans leave it to chance - no chance!!
Where is the Government's strategic industrial policy to regenrate our manufacturing sector? It simply hasn't got one relying on the free market which has been disastrous. Would the Germans leave it to chance - no chance!! Noiticer

Comments are closed on this article.

click2find

About cookies

We want you to enjoy your visit to our website. That's why we use cookies to enhance your experience. By staying on our website you agree to our use of cookies. Find out more about the cookies we use.

I agree