The Government published Industrial Strategy: building a Britain fit for the future in November 2017. This sets out the Government’s approach and the role of LEPs in developing Local Industrial Strategies.
Through the strategy, Government plans to boost productivity and earning power across the country by focusing on 5 foundations:
- ideas
- people
- infrastructure
- business environment
- places
The strategy also identifies four Grand Challenges:
- Growing the AI & Data-Driven Economy
- Clean Growth
- The Future of Mobility
- Ageing Society