UK Government Announces Investments in Rolls-Royce, Other Manufacturers

Wall Street Journal (7/29, Winning) – "The U.K. outlined some of the first investments in a government plan to help British industry by funneling government money to what it considers government projects." According to Business Secretary Peter Mandelson, "the government will invest £151.5 million (about $250 million) in U.K. manufacturers, including Rolls-Royce Group PLC. £45 million will go "for Rolls-Royce to support four new advanced manufacturing facilities in the U.K. -- three in aerospace and one in the civil nuclear industry," while "another £45 million supporting research and technology for the development of low carbon aircraft engines in a project that will also be led by Rolls-Royce." Hat tip: NAM