THE Manufacturing Advisory Service South-East has welcomed the Chancellor’s Budget announcement of a £750m strategic investment fund and, in particular, the fact that a third of it is being earmarked for “green technology”.

The aim is to help businesses emerge from the downturn in a stronger position.

MAS South-East, which is a government-funded programme offering advice and hands-on support to manufacturers, believes it will go a long way towards alleviating the pressures facing companies.

Out of the strategic investment fund, £250m will be invested in low-carbon business opportunities and innovation, including initiatives on low-carbon vehicles, as well as the nuclear and renewable energy industries.

David Caddle, programme manager, said: “MAS South-East is now encouraging manufacturers to look into supplying the low-carbon economy and supporting organisations in their efforts to reduce energy, waste and materials in an effort to equip themselves with the credentials needed to compete for low-carbon business in the UK and overseas.

“The Government’s announcement offers all manufacturers an opportunity to embrace these important innovation and technological advancements.”

The strategic investment fund will also go towards supporting innovation and research and development in areas of advanced manufacturing.

For further information, ring 0845 609 2121, e-mail info@mas-se.org.uk or visit www.mas-se.org.uk.