Post-pandemic economic growth: Industrial policy in the UK Contents

Contents

Summary

Introduction

Our inquiry

Building blocks of the 2017 Industrial Strategy

Foundations and Grand Challenges

Sector deals

Industrial strategy methodology

1 The end of industrial policy?

Industrial Strategy abolished

The Plan for Growth

Cross-government delivery

2 Abolition of the Industrial Strategy Council

Purpose of the Industrial Strategy Council

Independent oversight

3 Foundations and missions

Support for the Foundations and Grand Challenges

Horizontal, vertical, and mission-oriented policy

Missions

Balance between horizontal and vertical policies

4 Sector Deals

The value of targeted sector support

Effectiveness of the sectoral approach

5 Local Industrial Strategies

Industrial policy and local insights: a co-creation approach

Impact of Local Industrial Strategies

Future of local industrial policymaking

Local strategic development

6 Funding the Industrial Strategy

R&D and innovation

R&D tax credits

Financing commercial innovation

Growth capital gap

British Business Bank investment

Industrial Strategy Challenge Fund

Advanced Research Invention Agency

Enhancing public procurement

7 Where now?

Opportunities

Government commitment

Conclusions and recommendations

Annex

Formal minutes

Witnesses

Published written evidence

List of Reports from the Committee during the current Parliament




Published: 28 June 2021 Site information    Accessibility statement