Recommendation 4

Whether labelled Industrial Strategy or Plan for Growth, industrial policy in the UK will require scale and a long-term commitment from Government to be successful. In response to this report the Government should set out: • How it will improve coordination of relevant polices across its Departments and ensure a strategic, long-term approach to industrial policy within Government, including clarifying the respective roles of HM Treasury and the Department for Business, Energy and Industrial Strategy in delivering the Plan for Growth; • The specific features and policies of the 2017 Industrial Strategy that will be retained, including clarity on the future of the Grand Challenges and missions and their applicability to future policy; • The objectives of its revised approach to industrial policy and how delivery against these will be measured and monitored; • How it intends to engage with sectors and seek external expert policy evaluation, to ensure robust future industrial policymaking processes.