Industry: Finance

(asked on 11th December 2018) - View Source

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

To ask Her Majesty's Government what sector deals have been agreed by the Department for Business, Energy and Industrial Strategy under their Industrial Strategy; and how much funding they have allocated to each deal.


Answered by
Lord Henley Portrait
Lord Henley
This question was answered on 17th December 2018

Nine sector deals have been agreed so far. These are with the nuclear, creative industries, construction, AI, automotive, rail, aerospace sectors, and the life sciences sector has published two deals.

Sector deals are negotiated partnerships between government and Industry in key sectors of the economy to unblock barriers to productivity in specific areas. There is no new funding available, and they do not allocate funding to sectors. Some of the nine Deals agreed to date have involve supporting sector-led proposals with existing sources of Government funding.

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