UK Industrial Strategy Summit
Cosponsored by IOM3
As the UK prepares to leave the European Union, the Prime Minister has made it clear that the UK government has begun to focus on what needs to be done in order to ensure that UK industry will be even more competitive and able to seize the many opportunities that Britain’s new place in the world will offer.
The government’s New Industrial Strategy is a critical part of the plan for post-BREXIT Britain. It covers a number of important issues:
- How can the government encourage greater investment in R&D? What can be done to improve the commercialisation of our science base?
- A new system of technical education to boost STEM (science, technology, engineering and maths) skills, digital skills and numeracy; and to raise skill levels in lagging areas.
- Upgrading digital, energy, transport, water and flood defence infrastructure.
- Improving the investment and support climate for the businesses of the future, and ensuring that they can find long-term investors.
- Using strategic government procurement to drive innovation and enable the development of UK supply chains.
- Addressing the UK’s productivity gap through government policy by promoting tarde and investment, increasing competition and encouraging innovation.
- Delivering affordable energy and clean growth, and securing the economic benefits of the transition to a low-carbon economy.
- Cultivating world-leading sectors – building on the UK’s areas of competitive advantage and helping new sectors to flourish.
- Driving growth across the whole country through government policy, e.g. regional infrastructure projects
- Creating the right institutions to bring together sectors and places.