Industry: Economic Growth

Department for Business, Energy and Industrial Strategy written question – answered on 17th October 2018.

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Photo of Liam Byrne Liam Byrne Shadow Minister (Digital, Culture, Media and Sport) (Digital Economy)

To ask the Secretary of State for Business, Energy and Industrial Strategy, pursuant to the oral contribution of the Minister for Small Business, Consumers and Corporate Responsibility of 11 September 2018, Official Report, column 302WH, what progress his Department has made on assessing the potential merits of establishing an expanded and mission-oriented industrial strategy focused on achieving investment-led growth, with the aims of (a) diversifying the UK's industrial base, (b) driving up exports, (c) raising productivity and (d) addressing regional imbalances.

Photo of Kelly Tolhurst Kelly Tolhurst Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy)

The Government’s ambitious, modern Industrial Strategy sets out a long-term plan to boost the productivity and earning power of people throughout the UK.

The Industrial Strategy sets out four Grand Challenges to put the UK at the forefront of the industries of the future. As part of our approach we have developed four ambitious missions to tackle these Grand Challenges bringing government, businesses and organisations across the country together to make a real difference to people’s lives.

They are:

  • Future of Mobility: Put the UK at the forefront of the design and manufacturing of zero emission vehicles, with all new cars and vans effectively zero emission by 2040
  • Clean Growth: At least halve the energy use of new buildings by 2030
  • Ageing Society: Ensure that people can enjoy at least 5 extra healthy, independent years of life by 2035, while narrowing the gap between the experience of the richest and poorest
  • AI & Data: Use data, Artificial Intelligence and innovation to transform the prevention, early diagnosis and treatment of chronic diseases by 2030

The Industrial Strategy’s Grand Challenges and mission-based approach are underpinned by the five foundations of productivity: Ideas, People, Infrastructure, Business Environment and Places. These foundations include an ambitious Export Strategy and supporting local areas to develop Local Industrial Strategies and strengthen local economics. By building strong foundations, we will create the best environment for the missions to succeed and deliver opportunities for new, world-leading industries across the UK.

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