Manufacturers wanted more - EEF

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Manufacturers would have liked to see more funding and longer-term commitments to spending on innovation in the Autumn Statement, according to the EEF.

Responding to George Osborne yesterday, the organisation said firms would welcome announcements including the strengthening of R&D tax credits and cutting tax on young apprentices.

Investment in science and the boost for infrastructure were also helpful measurers on the road to a rebalanced economy, according to Andy Tuscher, regional director

“The Chancellor was right to place his emphasis on boosting productivity and the long-term resilience of the economy.

“He rightly said manufacturing is leading growth and firms will welcome positive steps in making the UK a centre for innovation.

“However, ultimately manufacturers would have liked to have seen greater levels of funding and longer-term commitments to spending on innovation.”

Local businesses, as employers, must play a vital role in English devolution, he added.