<-- Back to proposed bills
Industrial Strategy
13 April 2026
Type
Written Ministerial Statement
Department
Department for Business and Trade
At a Glance
Issue Summary
The statement outlines measures and investments support [7D [K supporting the UK's advanced manufacturing sector as part of the Industrial [10D [K Industrial Strategy.
Action Requested
The Government is providing over £700 million to sup [3D [K support electrification, job creation, and supply chain strengthening in th [2D [K the Advanced Manufacturing sector. Specific actions include a £380 million [K DRIVE35 grant for battery gigafactory development, funding for R&D through [K the Battery Innovation Programme, expansion of the Made Smarter Adoption Pr [2D [K Programme, and additional investments in skills training.
Key Facts
- Over £700 million investment to support Advanced Manufact [8D [K Manufacturing sector.
- £380 million DRIVE35 grant for battery gigafactory [11D [K gigafactory in Somerset.
- Up to 4,200 jobs supported by the project.
- B [1D [K Battery Innovation Programme: up to £22 million awarded.
- Made Smarter Ad [2D [K Adoption Programme expansion with £99 million over three years.
- Industri [8D [K Industrial Strategy engineering skills package of £182 million.
- British [K Business Bank deploying additional £4bn for Industrial Strategy Growth Capi [4D [K Capital.
- UK Export Finance backed over £6.6 billion in advanced manufact [8D [K manufacturing investment.
▸
Assessment & feedback
Summary accuracy