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Green paper and consultation for industry strategy

25 January 2017

Following last week's announcement by Prime Minister Theresa May last week, the government has launched its consultation on its Industrial Strategy.

It has also outlined its main objectives within a green paper, both of which can be accessed here.

In addition to investing in science, research and innovation, the strategy also intends to encourage more skills development.

There will be more support for business and an upgrade of infrastructure, plus improvements to government procurement processes.

Many points of the strategy will have implications for the FM sector, although this will be easier to determine when the details are finalised.

Further aims of the initiative include the delivery of affordable energy, driving growth across the UK and encouraging trade and inward investment.

BSRIA chief executive Julia Evans said the focus on energy and alignment of central government infrastructure investment with local growth priorities is good news.

She also described Theresa May's promise to create a "new, more interventionist, industrial strategy is also positive".

"It is especially interesting to hear that the Prime Minister also aims to boost STEM skills, digital skills and numeracy, including extending specialist maths schools, with £170m being invested in creating a new string of institutes of technology in England and Wales, taking students from age 16 to 19," said Ms Evans.

A further £56m investment is also expected in the Northern Powerhouse, including a new innovation fund for businesses in Manchester and Cheshire.

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