Industry calls for Govt to deliver an industrial strategy for all Brexit scenarios

  • August 09, 2017

EEF have published a new strategy named Making the Industrial Strategy Work for UK Manufacturing, following a survey carried out by YouGov which demonstrated a public desire for the UK to be a top five manufacturing nation by output.

The report urges the government to fill in industrial strategy gaps, as an industrial strategy will be a crucial component in managing economic change, regardless of the final Brexit deal.

 

The data revealed that:

  • 70% of the public think that the UK should aim to be a top five manufacturing nation
  • 82% of adults say a strong manufacturing base is essential for UK economic growth
  • 65% of women would be proud to work in UK manufacturing
  • 8% of manufacturers say the UK has supportive policies for manufacturing, compared to 65% who say Germany does

 

Steps the Government must take to achieve the strategy:

  • Set out a clear vision of what a successful outcome for Britain looks like, including clear metrics to track progress
  • Include a focus on the cost of doing business, which is missing in the strategy.
  • Provide guidance on the Sector Deals process to clarify the rules and ensure SMEs can engage
  • Set out a plan to roll out Devolution Deals to all areas in England
  • Outline how cross-government policy consistency will be achieved, to avoid different departments undermining the objectives of the strategy and each other

 

What could the strategy help deliver?

  • Close the productivity gap
  • Grow businesses with more turnover
  • Reduce our trade deficit
  • Increase the diversity of markets we sell to
  • Keep the UK as an innovation leader in Europe
  • Catch up with competitors in automation technology
  • A greater economic growth

 

Ms Lee Hopley, EEF Chief Economist, said: “The UK is facing a potentially game changing point as we leavr the EU whilst the sector is also on the cusp of massive technological change and grappling with long-term investment decisions.

Industry will have to be nimble in navigating challenges and quickly grasping new opportunities in order to fulfil public ambition for Britain to be a dominant manufacturing nation.”

David Lewis, managing director, integra people, warrington

 
 
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