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BCF Welcomes Support for Exports and Infrastructure

Chancellor Philip Hammond emphasizes R&D, housing and local infrastructure.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

The British Coatings Federation welcomed the Chancellor’s announcements in his first Autumn Statement, notably to stimulate exports and grow infrastructure. In Philip Hammond’s first major announcement as Chancellor, there was an emphasis on R&D, housing and local infrastructure. This will help stimulate investment and greater confidence in the manufacturing industry long-term, particularly given the uncertain economic climate business is currently faced with.
 
The boost to science and innovation is vital for the success of the government’s industrial strategy, and the doubling of support for exports is encouraging for the coatings industry to expand in growing markets abroad.
 
“I was particularly encouraged to see long-term investment in economic capital, such as technology, innovation, infrastructure, and skills, all important to the coatings industry, and manufacturing more generally,” Tom Bowtell, chief executive of the British Coatings Federation, said.

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