WGPlus (Archive)
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Business Secretary Greg Clark has launched the government’s Industrial Strategy. It sets out a long-term vision for how Britain can build on its economic strengths, address its productivity performance, embrace technological change & boost the earning power of people across the UK. With the aim of making the UK the world’s most innovative nation by 2030, the government has committed to investing a further £725m over the next 3 years in the Industrial Strategy Challenge Fund (ISCF) to respond to some of the greatest global challenges & the opportunities faced by the UK. This will include £170m to transform our construction sector and help create affordable places to live & work that are safer, healthier & use less energy, and up to £210m to improve early diagnosis of illnesses and develop precision medicine for patients across the UK. The government has previously committed £1bn to the first wave of ISCF projects, including investing £246m in next generation battery technology and £86m in robotics hubs across the UK. Recently the PM announced an ambition to increase the level of investment in R&D, rising from 1.7% to 2.4% of GDP by 2027. The White Paper also confirms government will be pressing ahead with a series of Sector Deals, with construction, life sciences, automotive & AI the first to benefit from these new strategic & long-term partnerships with government, backed by private sector co-investment. |
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BEIS: Modern Industrial Strategy to boost business support for Scotland BEIS: New Industrial Strategy to boost NI earning power & innovation OSSW: Industrial Strategy set to get Wales’ economy firing on all cylinders OSSW: Wales to get boost from UK Government's Modern Industrial Strategy BEIS: Government & industry cement deal to give UK construction the edge IPPR: Firms providing ‘good jobs’ should get tax cut LGA responds to Industrial Strategy White Paper STFC: Landmark agreement between research & industry to harness high performance computing WWF comments on the Industrial Strategy DCMS: Better Broadband Scheme extended for another year techUK: A perfect marriage: Industrial Strategy wedded to AI & tech FCO: International Trade Secretary announces new roles to boost trade around the globe NIC: Future infrastructure pioneers sought to shape UK’s future DCMS: Government launches review into future telecoms infrastructure investment Innovate UK: Future manufacturing & infrastructure systems: apply for funds CBI: Industrial Strategy must be the beginning of a strategic race, not a tactical sprint |