UK Government publishes Industrial Strategy white paper

The UK’s Department for Business, Energy & Industrial Strategy has published its white paper which sets out a long-term plan to boost the productivity and earning power of people throughout the UK. See https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/662508/industrial-strategy-white-paper.pdf
Sector deals are an important part of the strategy. The Department said: “Partnerships between the government and industry on sector-specific issues can create significant opportunities to boost productivity, employment, innovation and skills. We know that these partnerships can work – from our experience of decade-long partnerships such as the Auto Council and the Office for Life Sciences to more recent collaborations including tourism, creative industries, space and professional and business services. As part of our Industrial Strategy we are extending these successful partnerships to other parts of the economy.” See https://www.gov.uk/government/publications/industrial-strategy-sector-deals/introduction-to-sector-deals
There are five foundations to support the vision for a transformed economy. These are:
– 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
See https://www.gov.uk/government/publications/industrial-strategy-the-foundations/industrial-strategy-the-5-foundations
The Department also commented on challenges ahead. See https://www.gov.uk/government/publications/industrial-strategy-the-grand-challenges/industrial-strategy-the-grand-challenges