* Package includes funding for Rolls-Royce expansion
* Government aims to support advanced manufacturing
LONDON, July 28 The British government announced
a 150 million pound ($248 million) package on Tuesday to foster
The package includes government funding of 45 million pounds
to help engine maker Rolls-Royce (RR.L) build or extend four
factories in Britain, creating or securing 800 jobs. Rolls-Royce
announced a total 300 million-pound investment earlier on
The government said it was providing a further 45 million
pounds from its Strategic Investment Fund to support research
and technology for developing low-carbon aircraft engine
technology. The project will be led by Rolls-Royce.
Prime Minister Gordon Brown's government announced in April
it would adopt a more activist industrial policy to drive
recovery from recession, marking a shift from its philosophy of
leaving everything to market forces.
The new policy aims to target government help on growth
industries as it seeks new sources of expansion after the credit
crunch dealt a crushing blow to financial services on which much
of Britain's previous prosperity had been based.
The government will also invest at least 40 million pounds
in the SAMULET Research and Technology programme,
a collaborative aerospace project focusing on productivity and
It also announced a 12 million pound expansion of the
Printable Electronics Centre in Sedgefield, northeast England,
which focuses on display technology, creating up to 1,500 jobs
The government said the state-funded Technology Strategy
Board will invest a further 5 million pounds in collaborative
R&D projects as part of its high-value manufacturing
competition, in addition to 24 million pounds invested earlier
It also announced a 4 million-pound expansion of the
Manufacturing Advisory Service to help a wider range of
businesses improve efficiency and increase orders.
"This practical package of measures will help equip British
manufacturers, of all sizes and sectors, to take advantage of
the advanced technologies and new market opportunities now
shaping our low-carbon industrial future," Business Secretary
Peter Mandelson said in a statement.
(Reporting by Adrian Croft; Editing by Greg Mahlich)