ADS Group's comment on Government’s Productivity Plan
Business Secretary Sajid Javid unveiled the Government’s Productivity Plan today.
Recognising the importance of boosting productivity to national prosperity, the Plan builds on several of the announcements made by the Chancellor in this week’s Budget including raising the Annual Investment Allowance and creating the compulsory apprenticeship levy.
The value of long-term investment forms a major part of the Plan; there is also focus on the importance of support for science and innovation, and on the need to grow exports.
Commenting on the Plan, Chief Executive of ADS Group Paul Everitt said: “The Government’s Productivity Plan makes clear the importance of long-term investment in R&D, skills and exports to improving productivity.
“Our sectors continue to outpace national productivity levels, delivering vital economic returns and making a significant contribution to the export target identified within the Plan.
“By highlighting the Aerospace Technology Institute as a key mechanism for funding innovation, the Plan reinforces the value of long term approaches to boosting productivity and rebalancing the economy.”