Government Financial Support - The Requests Come Flooding In

Two examples today of stakeholder pressure for the UK government to provide increased financial support for “strategic industries”...

First up, the renewable energy industry has put in a request for £500 million over the next two years.

According to RenewableUK, venture capitalists are “beating on the door” to invest in the clean technology sectors. The industry needs government subsidies until it is able to stand on its own feet”.

So much for venture capitalists being prepared to take a long-term view, then.

On a more general level, the EEF has also called for more government financial support. . The EEF’s Manifesto for Manufacturing is a pitch for the UK economy to be rebalanced towards the secondary sector, and to reduce the UK’s reliance on financial services.