News

UK automotive supply chain reaps £54m competitiveness boost from LTASC funding programme

3 Aug 2018

England’s automotive supply chain has benefitted from a £54 million boost to its competitiveness over a four-year period, thanks to a government funded scheme which closed last week.

According to the Society of Motor Manufacturers and Traders (SMMT), which managed the project via its subsidiary Industry Forum (IF) with support from the Automotive Council,  the £13 million Long Term Automotive Supply Chain Competitiveness (LTASC) programme stimulated an extra £41 million from private investment into England’s vehicle manufacturing supply base, driving growth and securing thousands of jobs in the sector.

Read the full story here.

Watch the LTASC review here.

This entry was posted in News. Bookmark the permalink. Comments are closed, but you can leave a trackback: Trackback URL.