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.