Business Secretary visits Hereford and Worcester
- Published on Monday, 02 April 2012 14:25
- Posted by Scott Buckler
Manufacturing and the green economy will be the focus of the Business Secretary Vince Cable’s visit to Hereford and Worcester on 2 and 3 April
He will be giving a speech to businesses in Hereford where he will tell them how the Government is enabling the transition to a green and growing economy.
While he is there, he is also taking part in a ‘Question Time’ style event where he will respond to questions about the green economy ranging from small business finance to feed-in tariffs.
The Worcestershire-based family-run business, Morgan, is the next stop on his tour. He will be shown round the niche car manufacturing plant where highly-skilled craftsmen use traditional methods to make these classic cars.
Morgan is one of approximately 10,000 mid-sized businesses (MSBs). They represent just 0.2 per cent of all UK firms yet they account for around one fifth of private sector employment.
Many of these companies are in manufacturing and are dominant in local economies or play a key role in national and international supply chains. Working with partner bodies, the Government launched a campaign earlier this year to unlock their growth potential.
Vince Cable said:
“Manufacturing makes a significant contribution to the UK economy. It generates half our exports and is responsible for much of our business research and development activity.
“In the UK we have a wealth of expertise and many innovative businesses that are central to the Government’s growth strategy. I am looking forward to seeing first hand some good examples during my visit to Hereford and Worcester.”
While at the Malvern Hills Science Park he will see the imaging software company Goodrich ISR and meet members of the Worcestershire local enterprise partnership (LEP) to discuss plans for driving growth in the region. Goodrich ISR has seen 70 per cent growth last year and has gone from a start-up company to a business employing 90 staff.
LEPs now cover every business in England, and they are identifying local challenges and developing solutions to the specific barriers to growth affecting the economy in their own areas.
His final stop in Worcester will be at Yamazaki Mazak, which is one of the largest producers of computer-controlled metal cutting machine tools. Mazak supplies machines to make everything from jewellery to jet engines; and has customers across the aerospace, automotive and construction industries.