The government has announced a £170 million plan designed to "sharpen the UK's competitive edge," and promote careers within industry.
Business Secretary Vince Cable has revealed the details of an expansive programme of funding, which includes the establishment of a £140 million "manufacturing technology and innovation centre."
The centre - which will be financed by the government over a six-year period - will be formed of seven research and technology facilities from across the UK, and has been created to "kick-start a sustained manufacturing revival by commercialising science."
The Technology Strategy Board, meanwhile, will run a Technology Inspired Innovation competition, designed to fund products inspired by new discoveries and breakthroughs. This programme will be funded to the tune of almost £18 million.
Speaking at the Vauxhall plant in Luton, Mr Cable outlined his hopes for the project: "Manufacturing has a key role to play in economic growth and rebalancing the economy, in particular driving exports and productivity.
"The government is supporting manufacturing through a modern industrial strategy fit for the 21st century. We are assisting manufacturing companies and their supply chains directly through the Regional Growth Fund and other schemes and supporting them to build strong businesses via our commitments to apprenticeships and fostering technology.
"We are also challenging the perceptions of what it is like to work in manufacturing and seeking to raise the status and profile of engineering."
Mr Cable admitted, however, that the government must not rest on its laurels. Said the Business Secretary, "we know there is always more to do. We will set out further proposals to support manufacturing over the next few weeks."