Chancellor's Spring Statement
Commenting on the Chancellor's Spring Budget, Kevin Craven ADS Chief Executive said:
“ADS welcomes the Chancellor's drive towards a much needed and timely industrial strategy for the UK, aimed at delivering sustainable growth, whilst supporting business investment.
“Full expensing for three years is welcomed, and we will look for this to be extended at the next Spending Review. We also welcome the increased support for SMEs undertaking vital R&D and are keen to see the outputs of the Treasury’s review on a single scheme, which must provide comprehensive support for businesses of all sizes to ensure the UK remains an attractive place for investment.
“The announcement of Returnerships should help fill current vacancies and support our specialised engineering workforce while preparing for the jobs of the future. Additional flexibility around the Apprenticeship Levy is required to provide greater opportunities for addressing our workforce shortages.
“Finally, industry looks forward to understanding the impact of additional defence spending plans and further attention on future energy support for businesses is needed. ADS continues to represent our sectors’ needs to Government.”