Are you ready to seize the moment?
The productivity and income disparities across the UK’s regions and nations – disparities that cause real challenges for living standards – must be addressed now. COVID-19’s impact has not been felt equally across the country and is exacerbating divides. Levelling up our regions and nations can kickstart the recovery, close productivity gaps and boost living standards.
By opening regional offices, and supporting levelling up through local investment decisions, businesses can improve their community profile.
Firms can engage proactively with First Ministers, Regional Mayors, Local Enterprise Partnerships and others to help shape business-friendly environments that attract investment.
By investing and learning, businesses - supported by the CBI - can write the playbook for successful economic clusters.
And play to distinctive local strengths and regional comparative advantages.
This has to extend beyond the power sector, with a focus on industry, transport and buildings.
More are likely to emerge by 2030, such as those created from the UK’s transition to net-zero, and they too will need support.
These opportunities for cross-government collaboration can support job creation, business investment and connectivity.
By forging the underlying conditions that attract firms, such as a skilled workforce, high-quality infrastructure and a business-friendly environment.
With proposals for delivering more devolution deals and for further devolving power on skills, transport and R&D to Devolved Authorities in England.
Make this clear in the Levelling Up White Paper and be willing to experiment with regulatory sandboxes and make funding available for co-investment.