The paper recommends 10 pillars(streams) that will drive UK’s economy in the future- Investing in science, research & innovation, upgrading infrastructure, improving procurement, delivering affordable energy and clean growth, driving growth across the whole country, developing skills, supporting businesses to start and grow, encouraging trade & inward investment, cultivating world-leading sectors, creating the right local institutions, see infographic: Building our Industrial Strategy
The green paper portrays a vision for UK’s future industrial strategy but is not the end product . The government is currently inviting views on the strategy from members of the public, public sector organisations and business to help create a modern industrial strategy that works for all in the country. If you or your business would like to respond to the green paper or understand it better click here. The last date to send comments to government on the strategy is 11:45pm, 17th April, 2017. The Swindon and Wiltshire LEP will be making a response which we will post on our website.
Industrial Strategy Challenge Fund
As part of the consultation on the industrial strategy the government will also invite views from business, academia and research organisations on the Industrial Strategy Challenge Fund (ISCF). The fund, was announced by the Prime Minister at the CBI conference last November to support path breaking research and innovative technologies of the future. It backs entrepreneurs, small and medium organisations, academic researchers and universities from research to commercialisation stages of their projects. To understand the ISCF better, read pages 30,33, 34 of the industrial strategy green paper. To respond to a government survey on the ISCF and provide your views click here. Last date to send your responses is 11:59pm, 6th February, 2017.
SWLEP on twitter on Industrial Strategy: