31 Jan Industrial Strategy – Bulletin 1
Thames Valley Local Enterprise Partnership (LEP)
This is the first bulletin from Thames Valley Berkshire LEP on the Industrial Strategy. The aim is to keep stakeholders in Thames Valley Berkshire informed, to gather input, and to help shape the LEP’s response to the government’s green paper and future consultation.
The Industrial Strategy is designed to build on the strengths of the UK to enable all parts of the country to succeed: helping to deliver a high wage, high-skilled, competitive economy that will have a positive impact on people’s lives throughout the UK.
Industrial Strategy Challenge Fund
Business and scientists are being invited to contribute their thoughts on how a new Industrial Strategy Challenge Fund (ISCF), part of government’s overall Industrial Strategy, can best help to meet some of the greatest societal challenges of our time.
The Fund, which was announced by the Prime Minister at the 2016 CBI Annual Conference, will help to identify and develop UK industries that are fit for the future, driving progress in technologies where the UK can build on existing areas of industrial and research strength.
The Fund will increase Research & Development investment to £4.7 billion in total, an extra £2 billion per year by 2020-21, and will address the future needs of industry, whilst considering potential new markets that will deliver economic impact, jobs and growth across the country. Programmes delivered by the Fund will be industry-led and powered by multi-disciplinary research and business-academic collaborations.
The government welcomes comments on the ISCF as part of a broad discussion on the approach and ideas that it has set out. Click here to complete the online survey from government and have your say by 6 February. As time is short for responses, please circulate this bulletin throughout your networks.
Source: HM Government – click here for access to green paper
Contributor: Kieran Webber