16 March 2017

Update

CBI supports launch of Industrial Strategy Commission

The CBI puts forward five questions that will move the Government’s Industrial Strategy from a Green to White Paper.

CBI supports launch of Industrial Strategy Commission

As the debate on the UK’s new modern industrial strategy continues, Carolyn Fairbairn spoke at the launch of a new independent Industrial Strategy Commission. The Commission has been set up by Sheffield and Manchester universities and is being chaired by Dame Kate Barker and is expected to produce an initial report out in July with a final report in September.

The Commission is currently in the process of running a call for evidence into the development of a long-term industrial strategy for the UK.

At the launch Carolyn spoke of the CBI’s long-standing support for an industrial strategy and why it is so important to establish one now, given the UK’s poor productivity performance compared with other countries, the UK’s impending departure from the European Union and long-term opportunities and challenges, such as the move towards greater automation and use of artificial intelligence in the workplace.

Outlining the CBI’s priorities for a modern industrial strategy for the UK, Carolyn highlighted the importance of ensuring that decisions are taken closer to people, in partnership with business – an aim supported by the ‘place’ element of the Government’s green paper.

Carolyn also reiterated the message that a successful industrial strategy must be for the long term and business must have confidence that it will survive beyond the next general election.

For more information please contact emma.roberts@cbi.org.uk