Source · Select Committees · Business and Trade Committee
Recommendation 16
16
Paragraph: 80
A fundamental flaw of post-2017 industrial policy is that the Industrial Strategy failed to embed...
Conclusion
A fundamental flaw of post-2017 industrial policy is that the Industrial Strategy failed to embed itself as touchstone for British industry. Each foundation and mission of the Strategy was appropriate in its own right, but in combination the Industrial Strategy was complex and remote. The ‘opportunistic’ nature of the agreed sector deals and their lack of ‘complementarity’ with the wider Industrial Strategy may have exacerbated this problem, given the role the deals may have played in shaping perceptions of the wider strategy among businesses in those sectors.
Paragraph Reference:
80
Government Response
Not Addressed
HM Government
Not Addressed
The 2017 Industrial Strategy consisted of several core programmes, including Sector Deals, Grand Challenges and Missions, Foundations and Local Industrial Strategies. Delivery of ongoing aspects of the 2017 Industrial Strategy will continue, with some programmes continuing in their current form and other policies being evolved as part of the Plan for Growth.