Industrial Strategy

Debate between Baroness Harding of Winscombe and Lord Prior of Brampton

Wednesday 19th July 2017 Lords Chamber

[Lord Prior of Brampton]

A strategy for life sciences is a critical part of our industrial strategy. It will be published imminently and certainly well before the industrial strategy is published in the autumn. It will not only set out a strategy for one year but look forward for at least 10 years.

[Baroness Harding of Winscombe (Con)]

My Lords, does the Minister agree that it is competition that brings out the best not just in politicians but in businesses, whether they are small, medium or large? Can my noble friend assure us that the industrial strategy will not ditch this but instead strengthen our competition authorities?

[Lord Prior of Brampton]

I agree with my noble friend that competition is essential to drive improvement and progress. It is also important that government, industry and academia/universities work together very closely.