EngineeringUK responds to Spring Budget 2023

Release Date: 15 Mar 2023

“We welcome the Government’s ongoing commitment to make the UK a science and technology superpower and the ambitions of growing the economy, meeting our Net Zero targets, and unlocking the potential of every region.  We also welcome the acknowledgement that to achieve this, businesses, including engineering and technology businesses, urgently need a larger skills and workforce base, now and in the future.”

“However, the measures on childcare as well as the focus on those over 50 will not, on their own, solve the wider skills and workforce shortages in the engineering and technology sector in the long-term. We urgently need greater investment in and focus on STEM education, STEM teachers, careers provision and vocational pathways for young people.”

“Our Fit for the Future Inquiry into engineering and technology apprenticeships will be reporting later this year and we hope to work closely with the Treasury to explore how they can support growth across the engineering profession.”

- Beatrice Barleon, Head of Policy & Public Affairs at EngineeringUK