Commercialisation & Distribution

Commercialisation & Distribution

PM set to launch proposals for a modern Industrial Strategy



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Prime Minister Theresa May will use her first regional Cabinet meeting to launch proposals for a modern Industrial Strategy.

  • new ‘sector deals’ and investment in research and development will support the industries of the future where Britain has the potential to lead the world – from electric vehicles to biotech and quantum technologies
  • PM sets out plan to drive growth across the whole country and create more high skilled, high paid jobs and opportunities as part of government’s Plan for Britain

Prime Minister Theresa May will use her first regional Cabinet meeting this morning (23 January) to launch proposals for a modern Industrial Strategy to build on Britain’s strengths and tackle its underlying weaknesses to secure a future as a competitive, global nation.

At the heart of the strategy green paper published today is an offer to businesses to strike new sector deals, driven by the interests of firms and the people they employ, to address sector-specific challenges and opportunities. As part of the deals government will be prepared to offer a range of support, including addressing regulatory barriers to innovation and growth, looking at how we can use trade and investment deals to increase exports, or supporting the creation of new institutions to provide leadership, support innovation or boost skills.

The Industrial Strategy is a vital part of the Plan for Britain set out by the Prime Minister last week. It will drive growth right across the United Kingdom, using major new investments in infrastructure and research to drive prosperity – creating more high-skilled, high paid jobs and opportunities. The green paper also sets out plans to strengthen institutions in each part of the country to support their specific strengths – whether it’s building up local trade bodies, or creating new educational institutions, making it easier for business to access finance outside London or getting a stronger business voice into local government.

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This press release first appeared on GOV.UK. You can read the full version here.

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