EEF blog

Insights into UK manufacturing

A new National Investment Corporation?

Jeegar Kakkad September 29, 2009 16:07

The Prime Minister announced a new National Investment Corporation to provide finance to manufacturers and other growing businesses.

This could be wonderful announcement if it helps manufacturers finance truly global growth. Or if it helps manufacturers finance investment in intangible innovations. Or if it helps them finance capital-intesive development of new technologies.

But it could be a bad thing if it simply replicates the plethora of ineffective government backed schemes to address the seemingly intractable finance gap. And how does the NIC fit with the Rowlands Growth Capital Review?  

We'll wait for the details to let you know our verdict.

Oh - and how much will the NIC cost? £1billion.




This is an informal blog about manufacturing and the economy written by EEF's policy and representation staff. While it is written from an EEF perspective, contributions should not be taken as formal statements of EEF policy, unless stated otherwise. Nor does it cover all the issues on which we campaign - you can check these out in more detail at our main site.

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