Byers: “A new economic policy for the new economy.”


Trade and Industry secretary, Stephen Byers, has today announced plans to establish new manufacturing centres of excellence in an effort to promote a regional support network to improve productivity for SME’s.

In addition to this the package will also involve:

  • Promoting regional innovation
  • Supporting small business
  • Providing venture capital
  • Expanding e-commerce opportunities and
  • Helping business start-ups

    • A Ј150m fund will be established to ensure all regions can improve their performance on innovation and supporting clusters. This fund will be administered by Regional Development Agencies (RDA’s). Business Links will have their funding increased by 30% and a Regional Venture Capital Fund will be set up to support business start-ups.

    Source: Department of Trade and Industry



    All news and features older than 7 days are subscription only. This article is from the archive. Archived articles could only be accessed with the subscription. If you are a subscriber please log in, alternatively you need to purchase a subscription to view the full content for this page.
    Posted on Oct 3, 2000
    Region: UK