Briefing

Industrial strategy: recommendations

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Date:

3 October, 2024

Summary

The UK is in urgent need of an industrial strategy to overcome sluggish growth and a lack of business investment. Green technologies should be at the heart of the strategy to futureproof the UK’s economy and ensure the country is seizing some of the biggest opportunities for growth.

The new industrial strategy should take a sector-based approach, focusing on industries which can offer a comparative advantage, boost regional prosperity and secure supply chains. It should look to boost cross sector competitiveness before supporting individual companies. Good governance, mapping emerging risks and a suite of horizontal measures, including support for improved energy and resource efficiency and urgent solutions to skills gaps, are also vital.

In this briefing we set out our initial recommendations on the sectoral focus for the industrial strategy, and the horizontal and governance structures needed to make it work.

For more information, contact:

Steve Coulter, head of economy: scoulter@green-alliance.org.uk

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