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.
It sets out how we are building a Britain fit for the future – how the Government will help businesses create better, higher-paying jobs in every part of the United Kingdom with investment in the skills, industries and infrastructure of the future.
The UK has significant economic strengths on which we can build, but we need to do more to increase our productivity and make the most of our untapped potential right across the country.
By planning for a rapidly changing future, together we can shape new markets and build the UK's competitive advantage as well as improve the quality of our everyday lives.
This will boost productivity and earning power and productivity across the country by focusing on the five foundations of productivity:-
- Ideas: The World's most innovative economy
- People: Good jobs and greater earning power for all
- Infrastructure: A major upgrade to the UK's infrastructure
- Business Environment: The best place to start and grow a business
- Places: Prosperous communities across the UK
The Government has set the following Grand Challenges to put the future of the UK at the forefront of the industries of the future:-
- AI & Data Economy
- To put the UK at the forefront of the artificial intelligence and data revolution
- Future of Mobility
- To become a world leader in the way people, goods and services move
- Clean Growth
- To maximise the advantages for UK industry from the global shift to clean growth
- Ageing Society
- To harness the power of innovation to help meet the needs of an ageing society
If you would like to know more about about this topic then please email Ruth Carver on gllepsecretariat@lincolnshire.gov.uk
