Business Secretary Greg Clark has launched the government’s Industrial Strategy, setting out a long-term vision for how Britain can build on its economic strengths, address its productivity performance, embrace technological change and boost the earning power of its people.
With the aim of making the UK the world’s most innovative nation by 2030, the government has committed to investing a further £725 million over the next three years in the Industrial Strategy Challenge Fund (ISCF) to respond to some of the greatest global challenges and the opportunities faced by this country.
This will include £170 million to transform the construction sector and help create affordable places to live and work that are safer, healthier and use less energy, and up to £210 million to improve early diagnosis of illnesses and develop precision medicine for patients across the UK.
Brigid Simmonds, chief executive of the British Beer and Pub Association, said: “I welcome the industrial strategy, with its strong focus on places, people and the business environment. In particular, the huge strategic importance of the food and drink sector is recognised, of which British beer and pubs are such a crucial part.
“And, on places, it is essential that high streets and new housing developments have access to pubs, to provide leisure opportunities and great facilities for local people.
“The proposed partnership with industry, through a new Food and Drink Sector Council, is something we will fully engage in, given it spans our whole industry, from grain to glass. We are already working closely with DEFRA on a £100 million export strategy for British beer, and also, through the Courtauld Commitment, to deliver a 20% per capita reduction in food waste by 2025. I am sure other valuable initiatives can be fostered through government working closely with industry.”
She added: “We are also working hard with VisitBritain and the Tourism Alliance on a tourism sector bid to include skills, connectivity and increased productivity, and we look forward to working with organisations such as the Career Enterprise Company on ambassadors to encourage young people to work in our sector, with its emphasis on career progression and people skills.”