On 23 January 2017, Greg Clark, the Secretary of State for Business, Energy and Industrial Strategy, released the ‘Building our Industrial Strategy’ green paper for consultation. The strategy sets out the approach to addresses long-term challenges to the UK economy, including the government’s intention to invest £1 billion into cutting-edge technologies to create jobs and raise living standards.
The Chief Executives of the Catapult network welcome the move to build a modern industrial strategy, with the government playing an active role to back business, building on our strategic strengths and raising productivity to meet tomorrow’s challenges. We believe this will deliver a stronger and fairer economy that works for all of the UK.
The role of the Catapults is multi-faceted. Our network provides support in carefully chosen technologies and sectors, bridging the gap between early research and industrial commercialisation; and accelerating the exploitation of new technologies and developments by companies in the UK. In each of our sectors we tackle barriers to commercialisation that are too large or too early for individual companies to address on their own; and of course to ensure that resulting jobs and innovation are anchored in the UK.
We look forward to working with government, as key delivery partners, for a dynamic and innovative Industrial Strategy.
Read the full Catapult Network Joint Response.
Read HM Government’s Industrial Strategy press release.