BRC responds to publication of industrial strategy paper
BRC responds to publication of industrial strategy paper
Construction wins government backing for productivity boost
29 November, 2017, 01:04
Construction, one of UK's strongest industries, will also play a pivotal role under the new "Transforming Construction" programme, which will focus on sustainable and efficient buildings.
In terms of the ageing society challenges, the Industrial Strategy refers to plans to leverage health data to improve health outcomes and United Kingdom leadership in life sciences.
The BMF is pleased to see the Industrial Strategy recognise and showcase the construction industry through the announcement of a Construction Sector Deal.
The investment announced by MSD today will support a new world-leading life sciences discovery research facility in the United Kingdom, supporting 950 jobs.
The policy document identified challenges for the economy including the emerging importance of artificial intelligence, the shift to cleaner economic growth, radical changes in mobility such as electric and self-driving cars, and an aging society.
"These deals are just the first steps but will be instrumental in securing the future strength of the United Kingdom life sciences industry, helping the United Kingdom economy prosper and allowing NHS patients to get better and faster access to world-class medicines discovered and developed here in Britain".
"We therefore urge the government to work with Britain's builders' merchants to ensure that we continue to deliver the building blocks needed for growth in order to meet the Industrial Strategy'saims of boosting the economy, addressing low productivity, harnessing new technology, and improving incomes and living standards around the United Kingdom".
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The first of these challenges is to "put the United Kingdom at the forefront of the artificial intelligence and data revolution".
The Strategy has been welcomed by members of the green business community, with Aldersgate Group's chief executive Nick Molho describing it as a clear signal that clean growth is part of the UK's mainstream economic strategy. It is essential that the United Kingdom makes the right choices to ensure that we are able to compete with world leading companies in key sectors as we look to the future.
Each "Grand Challenge" represents an open invitation to business, academia and civil society to work and engage with the government to innovate, develop new technologies and ensure the United Kingdom seizes these global opportunities.
Business Secretary Greg Clark said the Strategy "deliberately strengthens the five foundations of productivity: ideas, people, infrastructure, business environment and places", to address current weaknesses and ultimately boost the country's earning power.
The government is calling two major new investments in the United Kingdom by pharma firms a "huge vote of confidence" in its approach to industrial strategy. We have a thriving research and science base and are home to a wide range of innovative sectors, from advanced manufacturing and life sciences, to fintech and creative industries.
"The white paper follows extensive engagement by government with industry, academia and business bodies who submitted nearly 2,000 responses to the green paper consultation earlier in 2017".
The industrial strategy also confirmed £5m funding to help refresh the skills of public sector staff, first announced in the 2017 Spring Budget.
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