An industrial strategy that will enable the UK to build on its strengths to create a vibrant economy that delivers long term benefits to every part of the country is proposed in a Green Paper published by the Dept for Business, Energy and Industry Strategy.
Designed to initiate a national conversation, ‘Building our Industrial Strategy’ sets out proposals for 10 ‘pillars’ that have been identified as driving growth.
- Investing in science, research and innovation.
- Developing skills – including by building a new system of technical education to benefit the 50% of young people who do not go to university.
- Upgrading infrastructure and better aligning central government infrastructure investment with local growth priorities.
- Supporting businesses to start and grow.
- Improving procurement including by using strategic government procurement to drive innovation and enable the development of UK supply chains.
- Encouraging trade and inward investment.
- Delivering affordable energy and clean growth.
- Cultivating world-leading sectors.
- Driving growth across the whole country.
- Creating the best structures to support people, industries and places.