Summary
After years of delays, the government has unveiled its long-promised industrial strategy targeting eight ‘growth sectors’ including clean energy and advanced manufacturing. The strategy promises to make net zero “the economic opportunity of the century”, but does it deliver?
The plan includes ambitious targets: doubling clean energy investment to £30bn annually and £2bn for automotive electrification. Yet significant questions remain. Financial resources appear limited, energy cost relief won’t arrive until 2027 and there’s little detail on monitoring progress.
Most critically, what happens if this strategy faces the same political churn that killed its 2017 predecessor after just two years? In this briefing, we discuss whether this strategy can truly deliver green growth or if it’s another case of over promising and under delivering.
For more information, contact
Steve Coulter, head of economy