25th February 2010

New Industries, Future Jobs

Issue

  • Mitsubishi Power Systems Europe signs memorandum of understanding signalling intention to invest up to £100 million in UK wind turbine R&D project.

Key points

  • Britain's future growth will depend on the new industries, like advanced manufacturing, that will generate future jobs.

  • The UK is leading the way in offshore wind energy - and today Mitsubishi have signalled their intention to invest up to £100 million in an offshore wind project in the UK creating up to 200 highly skilled jobs.

  • This comes on the same day that Centrica, the owner of British Gas, announces they have established an insulation business which will involve recruiting around 1,100 new people.

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