Following the global economic downturn, we know that the economy needs to be re-balanced. As the world changes we will need to compete in new sectors which will grow rapidly in the years ahead.
   
Labour will support industries where we have key technology strengths such as advanced manufacturing, low carbon, life sciences and the creative and digital industries to create jobs and opportunities for British industry.

The move to a low-carbon economy will require us to change the way we produce goods, heat our homes and use transport. This offers Britain the opportunity to create high-quality jobs as we manufacture and export new products to the rest of the world.

We believe there is an active role for government to ensure that UK manufacturing succeeds in the future. The Strategic Investment Fund, worth £950 million, is already providing investment in advanced industrial projects. We need to build on this success.

LABOUR’S RECORD

Labour is investing £5 billion to help people back into work. We will guarantee a job or training place for all 18-24 year olds out of work for six months.  

With Labour...

Having exceeded our Kyoto target, insulated millions of homes, and become the first government to bring into law binding climate change targets, we are already laying the foundations for new low carbon industry. Our blueprint for a low carbon economy could create 1.2 million green jobs in areas such as renewables, nuclear power and clean coal.

Are the Tories a change you can afford?

The Tories would put under threat the thousands of new green jobs we are helping to create. It is clear that the Tories have not changed their priorities - they are a party of climate change sceptics, as shown by the opposition of senior Tory MPs to new wind power.

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