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We need it to succeed for a ‘Good’ Brexit

Business Secretary Greg Clark has launched the government’s Industrial Strategy.

It sets out a long-term vision for how Britain can build on its economic strengths, address its productivity performance, embrace technological change & boost the earning power of people across the UK.

With the aim of making the UK the world’s most innovative nation by 2030, the government has committed to investing a further £725m over the next 3 years in the Industrial Strategy Challenge Fund (ISCF) to respond to some of the greatest global challenges & the opportunities faced by the UK.  This will include £170m to transform our construction sector and help create affordable places to live & work that are safer, healthier & use less energy, and up to £210m to improve early diagnosis of illnesses and develop precision medicine for patients across the UK.

The government has previously committed £1bn to the first wave of ISCF projects, including investing £246m in next generation battery technology and £86m in robotics hubs across the UK.

Recently the PM announced an ambition to increase the level of investment in R&D, rising from 1.7% to 2.4% of GDP by 2027.  The White Paper also confirms government will be pressing ahead with a series of Sector Deals, with construction, life sciences, automotive & AI the first to benefit from these new strategic & long-term partnerships with government, backed by private sector co-investment. 
Researched Links:

BEIS:  Government unveils Industrial Strategy to boost productivity & earning power of people across the UK

BEIS:  Modern Industrial Strategy to boost business support for Scotland

BEIS:  New Industrial Strategy to boost NI earning power & innovation

OSSW:  Industrial Strategy set to get Wales’ economy firing on all cylinders

OSSW:  Wales to get boost from UK Government's Modern Industrial Strategy

BEIS:  Major pharma leader MSD first to endorse government’s Industrial Strategy as it announces major investment in the UK

BEIS:  Government & industry cement deal to give UK construction the edge

BEIS:  Government investment into Faraday scale-up facility to make UK a world leader in battery innovation

IPPR:  Firms providing ‘good jobs’ should get tax cut

LGA responds to Industrial Strategy White Paper

STFC:  Landmark agreement between research & industry to harness high performance computing

WWF comments on the Industrial Strategy

DCMS:  Better Broadband Scheme extended for another year

techUK:  A perfect marriage: Industrial Strategy wedded to AI & tech

techUK:  Strategic success

FCO:  International Trade Secretary announces new roles to boost trade around the globe

NIC:  Future infrastructure pioneers sought to shape UK’s future

DCMS:  Government launches review into future telecoms infrastructure investment

Innovate UK:  Future manufacturing & infrastructure systems: apply for funds

CBI: Industrial Strategy must be the beginning of a strategic race, not a tactical sprint

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