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Circular economy commitment in Industrial Strategy welcomed by industry

29 November 2017

Jacob Hayler, Executive Director of the Environmental Services Association, agreed: "ESA is pleased the Industrial Strategy white paper recognises the importance of maximising the value we extract from our resources".

The move aims to build on an announcement by Theresa May last week that the Government's ambition is to boost the level of investment in research and development, rising to 2.4 per cent of GDP by 2027.

The four-year investment round is a "coordinated programme" of competitions that aims to boost both the research and development of expertise in battery technology.

The Industrial Strategy states: "This will be achieved through a joint commitment to implement reforms to the Construction Industry Training Board to make it more strategic and industry led, and to enable the sector to make best use of funding from the Apprenticeship Levy".

Responding to the United Kingdom government's Industrial Strategy, which was unveiled on 27 November by Secretary of State for Business, Greg Clark, BMN hears from the Builders Merchants Federation (BMF) and the Construction Products Association (CPA).

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.

Clark added: "The Industrial Strategy is an unashamedly ambitious vision for the future of our country, laying out how we tackle our productivity challenge, earn our way in the future, and improve living standards across the country". 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.

"We believe that the strong integration of cross strategy themes such as stimulating productivity, growth and exports; investment in research; investment in innovation; investment in infrastructure; attracting and retaining a skilled, fit for objective workforce are fundamental linkages in the Industrial Strategy".

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In regards to infrastructure, the Government has pledged to invest £400m in EV charging points and a further £100m to extend the plug-in auto grant, as first revealed in the Chancellor's Budget last Wednesday.

An additional £406 million will be used to address the shortage of science, technology, engineering and maths (STEM) skills.

Clean growth - we will maximise the advantages for United Kingdom industry from the global shift to clean growth.

The strategy adds, "Embedding AI across the United Kingdom will create thousands of good quality jobs and drive economic growth".

The white paper also features the Clean Growth Strategy, announced in October.

"Britain's economy needs a clean, flexible, and affordable energy system".

"While it's pleasing to see steps being taken to invest in the fourth industrial revolution, much more needs to be done to encourage the take-up and development of skills that will be needed to see it through".

"And by introducing independent scrutiny of the progress of these plans, the government is signalling that there will be a strong focus on measuring delivery which boardrooms will recognise and welcome".

Circular economy commitment in Industrial Strategy welcomed by industry