UK Car Industry Has Received Well-Timed Backing
In recent weeks the UK car industry has received a number of financial packages which are aimed at trying to support the sector in the coming years. Private and public sector money could amount to 2.6 billion over five years which will safeguard jobs and also create new roles in the car industry.
The government has already implemented projects to try and support car manufacturing in the UK, with the 400 million vehicle scrappage scheme helping out. Car owners were able to trade in their old car for a new model and get 2,000 knocked off the asking price for a limited time.
The scheme was a huge success and got a mention in yesterday’s Budget as one of the most positive projects the government has implemented. Chancellor Alistair Darling also mentioned the government’s involvement in persuading Nissan to develop its first electric car at its Sunderland site.…
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