14
Not Addressed
We are concerned that the Plan for Growth lacks mission-based structures (beyond references to net...
Conclusion
We are concerned that the Plan for Growth lacks mission-based structures (beyond references to net zero and levelling up) or formal mechanisms for strategic sectoral engagement and support. The reduced emphasis on these elements lessens the formal complexity of the Plan for Growth compared to the Industrial Strategy, but risks making it harder to realise the strategic balance of vertical and horizontal interventions witnesses called for, or the benefits of mission-driven policy for academic engagement with industry.
Government Response Summary
The government describes the ongoing delivery of programs from the 2017 Industrial Strategy but does not address the committee's concern about the lack of specific mission-based structures or formal sectoral engagement mechanisms in the new Plan for Growth.
Paragraph Reference
63
Government Response
Not Addressed
Government Response
Not Addressed
HM Government
Not Addressed
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
Report
First Report - Post-pandemic economic growth: Industrial policy in the UK
28 Jun 2021
HC 385
Addressee Bodies
Department for Business and Trade
Timeline
Recommendation age
5.1 yrs
Report published
28 Jun 2021