Industrial Strategy launched
The CBI welcomed the launch of the government’s new Industrial Strategy.
The government has launched its green paper for a modern Industrial Strategy, a statement of intent that ministers will use targeted interventions where necessary to boost business and drive the UK’s post-Brexit economy and in so doing ensure growth is experienced throughout the UK.
More details of the Industrial Strategy
Carolyn Fairbairn welcomed this draft strategy as a landmark opportunity to build a successful, modern economy as the foundation for a prosperous, fairer and more inclusive society.
Read the CBI’s response
The green paper reflects many of the CBI’s key objectives: that it should concentrate on enabling policy levers, continue the positive work already created through a sector approach to industrial strategy and at the same time recognise the importance of driving productivity growth across all regions of the UK.
The paper focuses on 10 cross-cutting pillars in areas such as infrastructure, innovation, skills, driving regional growth and cultivating world-leading sectors, each with a programme of suggested policies to help improve productivity. Importantly the government recognises that to get the most benefit from its policies it needs to do so in a way that is sensitive to the different needs of different places and in a way that gives a boost to sectors in which the UK has a competitive advantage.
The CBI will be responding to the government’s consultation and will be holding events for members across the UK.
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