Select Committee on Welsh Affairs Minutes of Evidence


Annex 1

THE GOVERNMENT'S MANUFACTURING STRATEGY

  The Government's Manufacturing Strategy was published in May 2002 and represented the first such document for a generation. The Strategy aims to assist manufacturing sectors to fulfil their potential in the UK. It identifies seven pillars of activity for Government, companies and the workforce to build on strength and remedy or overcome weaknesses:

  1.  Macroeconomic stability

  The goal is for the Government to maintain successful macroeconomic management.

  2.  Investment

The productivity gap with competitors must be narrowed, through investment in new technology, new products and advanced processes.

  3.  Science and innovation

To raise UK manufacturing innovation performance, by making the best use of the UK science base, by utilising technology from a range of sources, and by demonstrating the benefits which accrue to innovative companies.

  4.  Best practice

Adoption of best practice implies a culture of continuous improvement. Taken as a whole, UK manufacturers can increase their competitiveness considerably by adoption of world-class practices.

  5.  Raising skills and education levels

Improved skills across the workforce and the creation of a system that reflects the needs of individuals and employers are essential for the fulfilment of the Government's productivity and social inclusion agendas.

  6.  Modern infrastructure

The UK needs a modern, efficient public infrastructure to enable business to reduce costs, increase efficiency and improve its competitiveness.

  7.  The right market framework

The Government wants the UK to be the best place in the world to do business, a place where manufacturing innovates and thrives. This requires competitive and dynamic markets and motivated, well-informed and confident participants—business, consumers, employees and investors.





 
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Prepared 24 February 2005