Aid for UK exporters
Sunday 21 May 1995
Michael Heseltine, President of the Board of Trade, will make the announcement as he and the Prime Minister launch the Government's second Competitiveness White Paper.
Much of the money will be switched from the budgets of the Department of Trade and Industry and the four other departments involved in the exercise. But Whitehall sources said there will be some new cash, which has been secured from Government reserves.
Mr Heseltine will elaborate on earlier speeches where he has argued that Britain has some of the world's best industry, but also has a "tail" of less effective companies that need help.
The document will review the work undertaken since the first paper on competitiveness was published a year ago by Mr Heseltine, and audit the progress made. It will concentrate on innovation, education and training, exporting, management and deregulation.
Other ministers involved in the inter-departmental operation, who will attend tomorrow's press conference, are Kenneth Clarke, the Chancellor of the Exchequer, David Hunt, the Chancellor of the Duchy of Lancaster, Gillian Shephard, Secretary of State for Education and Brian Mawhinney, Secretary of State for Transport.
They will emphasise their anxiety to help small and medium size companies improve their success at exporting, and to increase training opportunities for their workers.
Technology and the IT revolution will also feature in the package. Some of the recommendations of "technology foresight panels", set up by the Office of Public Service and Science to identify promising areas of scientific and commercial advance, will be adopted.
These projects give ministers the opportunity to back high technology without "picking winners" as the governments of the 1960s and 1970s did.
Although last year's competitiveness paper had a low key reception, ministers now argue that it has put in place a solid framework of assistance and support for business and industry.
Since then the Government has consolidated its one-stop advice centres for British firms seeking to export, for example.
Diving in at the deep end is no excuse for shirking the style stakes
- 2 PornHub begs users to stop uploading video clips of Brazil getting beaten 7-1
- 3 Why I'm on the brink of burning my Israeli passport
- 4 L'Oreal cuts ties with Belgium supporter Axelle Despiegelaere after hunting trip photographs
- 5 The true Gaza back-story that the Israelis aren’t telling this week
Game of Thrones author George RR Martin says 'f*** you' to fans who fear he will die before finishing Westeros saga
Loom bands: Bids for dress made from colourful rubber pass £170,000 on eBay
Supermoon 2014: When and why will the moon look bigger and brighter this summer?
Gaza-Israel conflict: The terrible price Palestinian children are paying for Israel’s war with Hamas
Rotten egg smell could help battle heart disease and Alzheimer's
Sustained immigration has not harmed Britons' employment, say government advisers
War is war: Why I stand with Israel
7/7 memorial defaced on anniversary of 2005 attacks with ‘Blair lied thousands died’ graffiti
Australia facing international condemnation after turning around Sri Lankans at sea
Even when it brutalises one of its own teenage citizens, America is helpless against Israel
Socialist Worker called to apologise over ‘vile’ article saying Eton schoolboy Horatio Chapple's death is ‘reason to save the polar bears’
iJobs Money & Business
£75000 - £85000 per annum + ex bens: Deerfoot IT Resources Limited: Biztalk Te...
£60000 per annum: Harrington Starr: Trade Desk Specialist (FIX, Linux, Windows...
£35000 per annum: Harrington Starr: Service Desk Analyst (Windows, Active Dire...
£40000 per annum: Harrington Starr: Network Engineer (CCNA, CCNP, Linux, OSPF,...