Industry

(asked on 23rd November 2017) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, pursuant to the answer of the 10 July 2017 to Question 2747, how the Government plans to ensure that the industrial strategy drives productivity, creates jobs and ensures sustainable economic growth across the UK after the UK leaves the EU


Answered by
Elizabeth Truss Portrait
Elizabeth Truss
This question was answered on 29th November 2017

The Industrial Strategy sets out a clear plan for how we can boost the productivity and earning power of people throughout the UK, and ensure that our country can embrace the opportunities presented by technological change.

The Budget announced a number of measures that will support the Industrial Strategy, such as the £1.7bn Transforming Cities Fund to support local transport and £2.3bn more for R&D in 2021/22.

The Industrial Strategy will build on these Budget commitments by explaining the action Government will take, to work in partnership with the private sector, encourage investment in the technologies of the future, and ensure every part of the UK can share in the rewards. It sets out our ambition to build an economy that is open for business and exports UK technology and expertise around the globe.

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