Govt announces £20m investment package

Date: 6th October 2011

Small businesses operating in a wide range of industries are set to benefit from a recently-announced investment.

Business secretary Vince Cable has unveiled a £20 million investment which is designed to boost skills and create growth in a number of key sectors including manufacturing, renewable energy and healthcare.

Skills minister John Hayes claimed the money will break down the barriers that are "standing in the way of opportunity".

Dr Cable added: "Sustained economic recovery will depend on our ability to excel in the high tech skills that our most innovative companies need to compete in the globalised economy.

"By providing concentrated seed funding for employer led projects that attract further investment from business, we're targeting money where it will be best placed to drive growth."

Posted by Jacob Williams