Source · Select Committees · Business, Innovation, Science 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
A response document is linked to this report, dated 24 September 2021. Response attribution to this conclusion has not been verified. Read the response document ↗