United Kingdom gov launches 'industrial strategy', including auto sector

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"Of course, in common with many others we would have liked to see more detail, but it is reassuring to see the commitment to cover this in more depth in the forthcoming 25-year environment plan and the resource and waste management strategy reinforced".

Plans to tackle these include extra investment in physical and digital infrastructure, retraining workers in vital and under-staffed industries such as construction and digital skills, and promoting spending on research and development. 'Work will continue with other sectors on transformative sector deals, ' said the white paper.

Whole new industries will be created and existing industries transformed as we move towards a low carbon, more resource-efficient economy'.

"We have commercial and industrial sectors - from advanced manufacturing to financial services; from life sciences to the creative industries - which are competitive with the best in the world". The green paper was announced to much fanfare earlier this year, however our recent Future Attitudes study, which surveyed over a thousand senior SME decision makers across the United Kingdom, revealed an astonishing lack of awareness about the Strategy, with fewer than three in ten (29 per cent) small and medium-sized enterprises claiming to have heard about it...

The plan, subtitled "Building a Britain fit for the future", sets out a "long-term vision for how Britain can build on its economic strengths, address its productivity performance, embrace technological change and boost the earning power of people across the UK".

The focus on Place as another of the five foundations is also an element CIWM called for in its response to the Green Paper. It said it would do this "in order to be able to progressively drive up the earning power of people employed in these industries and enhance our national productivity".

The Government today published its industrial strategy to make Britain more productive as two pharma giants announced a £1bn investment in Britain that will create up to 1,750 high-skilled jobs.

"MSD's commitment today, and the wider Sector Deal investment we have secured, proves the process outlined in the Industrial Strategy can give companies the confidence and direction they need to invest in the UK".

In an announcement that was well-timed ahead of Monday's launch, Merck said it would open a state-of-the-art life sciences research facility in London by 2020, focusing on early bioscience discovery and entrepreneurial innovation.

MSD's research laboratories president Dr Roger M Perlmutter said: "Strong discovery capabilities and the pursuit of scientific excellence are foundational to MSD's mission to save and improve lives around the world".

The strategy "heralds a new approach to how government and business can work together to shape a stronger, fairer economy", Mrs May said in the foreword to the document.

The company said it viewed Britain as a world-leader in science, although a spokeswoman said Brexit raised "some very real concerns" for the supply chain, drug regulation and the ability to attract talent to Britain.

Sector deals are partnerships between the government and industry on sector-specific issues that, it is hoped, can create significant opportunities to boost productivity, employment, innovation and skills.

In fact, it is anticipated that there will be several waves of sector deals. It will be formally announced in the coming weeks, including a brand new partnership between leading diagnostics company, QIAGEN, and Health Innovation Manchester, that has the intention to develop a genomics and diagnostics campus in the city.

He said: "Renewables are set to become the backbone of our modern energy system and the plummeting cost of wind power means onshore and offshore wind can help improve the competitiveness of United Kingdom industry". Government will be working with industry and academia to deliver this goal. These are: artificial intelligence, clean growth, an aging society and the future of mobility.

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