Industry

(asked on 22nd February 2021) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, what his Department's planned timescale is for concluding work on the Industrial Strategy review.


Answered by
Amanda Solloway Portrait
Amanda Solloway
Government Whip, Lord Commissioner of HM Treasury
This question was answered on 2nd March 2021

The majority of the 142 policy commitments from the 2017 Industrial Strategy are now in delivery, with around £45 billion of funding assigned to initiatives. These initiatives have strengthened the foundations of productivity, by investing in transport, housing, digital infrastructure, and skills. The Grand Challenges and missions have strengthened the UK’s standing as a global leader in AI, clean growth, healthy ageing, and future transport technology – preparing the UK for a resilient, future economy.

However, the 2017 Industrial Strategy was developed in a pre-COVID-19, pre-Brexit world and the coming decade poses new challenges. The Government is, and will continue to be, a champion of the needs of business and industry as we build back better from the pandemic. We will be laying out our plans to drive growth and support jobs across the UK in due course, and existing work will continue where appropriate.

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