Reacting to the announcement, Brian Holliday, managing director at Siemens Digital Industries UK, and co-chair of Made Smarter, said:
“Today’s announcement clearly says that UK manufacturing matters. It represents a tremendous investment boost for our makers that will enable the confidence to invest in innovation, productivity and sustainability.
“Key sectors benefit but so does the long tail of small and medium firms which is really important to directly address our recent challenges of weak overall productivity and investment.
“The business benefits of digitalisation are now clear, while being an enabler for industrial decarbonisation too - the package of measures announced in bolstering Made Smarter, targeted regulatory reform and sector support, along with our world-class Catapults and Universities now makes the UK one of the best countries on the planet to sustainably design, make and export goods.”