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Item Details
Title: THE AUTOMOTIVE INDUSTRY IN THE UK
NINTH REPORT OF SESSION 2008-09 - REPORT, TOGETHER WITH FORMAL MINUTES, ORAL AND WRITTEN EVIDENCE
By: Great Britain: Parliament: House of Commons: Business and Enterprise Committee
Format: Paperback

List price: £17.50


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ISBN 10: 0215540042
ISBN 13: 9780215540041
Publisher: TSO
Pub. date: 17 July, 2009
Series: HC Session 2008-09, 550
Pages: 137
Synopsis: In this report, "The Automotive Industry in the UK (HC 550)", the Committee highlights a series of shortcomings in the Automotive Assistance Programme (AAP). The emphasis on low carbon technology is appropriate but it is not all that is required; other innovative technologies, such as those relating to safety, should also be eligible for support. The Committee's conclusions and recommendations include: the loan guarantee threshold for the AAP should be lowered urgently to GBP 1 million; the AAP should be flexible enough to support industry in other ways than simply through guaranteeing loans to support investment in low carbon technology; Jaguar Land Rover has already secured funding for its future technology investments; all that is under discussion is the Government's guarantee. However, there has been no indication that there will be such a guarantee; and the Committee cannot discount the industry's complaints about the delays in agreeing support measures and is disappointed that to date not one single penny has been advanced through the scheme.The report examines other aspects of Government support for the automotive industry amidst the difficulties posed by the economic crisis and concludes that there are encouraging signs that the Scrappage Scheme has been effective. Regarding proposals to set in place a scheme to support automotive finance, the report concludes that the Government has held out the possibility of action but has not yet delivered. The Committee also expresses concern about the coherence of Government policy towards the sector, and matters such as taxation, environmental targets and support measures should be considered together to ensure they do not inadvertently conflict.
Publication: UK
Imprint: Stationery Office Books
Returns: Non-returnable
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