Feature

The King’s Speech: What manufacturers should know

In the first State Opening of Parliament under the new UK Government, the King’s Speech unveiled 39 bills and draft bills designed to “take the brakes off Britain”. But what does this mean for the manufacturing industry?

01/08/2024 10:40:19

Emerging industries
As part of plans announced prior to the King’s Speech, the UK Government will invest in a new National Wealth Fund. This, the Government says, will help stimulate economic growth and attract private investment into clean energy and emerging industries. Driven by a collaboration between the Government, industry and public finance institutions, the Fund is expected to create jobs and support regional growth, while supporting decarbonisation efforts.

Skills
According to Number 10, the number of vacancies relating to skills shortages in England doubled between 2017 and 2022, from 226,500 to 531,200.

Read the full article in DPA's August 2024 issue

Written By Sophia Bell

Sophia Bell is the Group Editor of DPA, Connectivity, and PBSI. She joined the team in 2020 as Assistant Editor after achieving a First-Class Honours BA in English Literature and Film Studies from the University of East Anglia. In her current role, she leads the editorial strategy, driving digital growth and ensuring each title continues to deliver trusted, relevant insight for engineering and manufacturing professionals.