In November 2017, the UK Government published an Industrial Strategy White Paper.
The strategy sets out a framework for how we can build a Britain fit for the future - to help businesses create better, higher-paying jobs with investment in the skills, industries and infrastructure of the future.
The strategy identifies 5 Foundations of Productivity that will help boost productivity and earning power across the country:
- Ideas
- People
- Infrastructure
- Business environment
- Places
The strategy also identifies 4 Grand Challenges as areas of focus that will catapult Britain to be the leader in the global technological revolution:
- Artificial Intelligence & Data Economy
- Clean Growth
- Future of Mobility
- Ageing Society
The national Industrial Strategy highlights the importance of place and the need for Local Industrial Strategies (LIS) to bring together the 5 Foundations of Productivity and the 4 Grand Challenges for the UK to increase productivity, earnings and wellbeing, locally and nationally.
For the latest information from Government about the Industrial Strategy, please visit the Industrial Strategy web page.
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