13

When launched in 2017, the fundamental purpose of the Industrial Strategy was to address poor...

Conclusion
When launched in 2017, the fundamental purpose of the Industrial Strategy was to address poor productivity in the UK, particularly outside of the South East. However, improved productivity was not itself a Grand Challenge or mission of the strategy. This may have contributed to a sense of the Strategy’s complexity and lack of clear purpose.
Paragraph Reference
62
Government Response
Acknowledged
HM Government Acknowledged
14. The 2017 Industrial Strategy consisted of several core programmes, including Sector Deals, Grand Challenges and Missions, Foundations and Local Industrial Strategies. Delivery of ongoing aspects of the 2017 Industrial Strategy will continue, with some programmes continuing in their current form and other policies being evolved as part of the Plan for Growth.
Source
Committee Business and Trade Committee
Inquiry Post-pandemic economic growth: Industrial Strategy
Report First Report - Post-pandemic economic growth: Industrial policy in the UK 28 Jun 2021 HC 385
View on Parliament website
Addressee Bodies
Department for Business and Trade
Timeline
Recommendation age 4.9 yrs
Report published 28 Jun 2021