Rolls-Royce to spend 300m

ROLLS-Royce is pumping &pound;300m into four new UK manufacturing sites over the next five years.<br /><br />The jet engine maker will receive &pound;45m in state grants to help fund the expansion, which will create or secure 800 jobs.<br /><br />The money is part of a &pound;150m government investment package aimed at helping manufacturers take advantage of new technologies.<br /><br />Rolls-Royce chief executive Sir John Rose welcomed the boost, but said he hoped the government&rsquo;s new interest in manufacturing would &ldquo;reverse several decades of an aversion to industrial strategy&rdquo;.<br /><br />Business secretary Lord Peter Mandelson said it was a &ldquo;complete myth&rdquo; that Britain does not make anything any more, adding that the UK is the sixth-biggest manufacturing economy in the world.<br /><br />Nissan is also about to invest nearly &pound;13m at its Sunderland plant.