Source · Select Committees · Business and Trade Committee
Recommendation 22
22
Paragraph: 86
In response to this report the Government should set out how it intends to take...
Recommendation
In response to this report the Government should set out how it intends to take forward a sectoral approach to industrial policy. The Government should explain how reprioritisation may be consistent with maintaining the existing deals and whether a coordinated process will be established for agreeing new sector deals.
Paragraph Reference:
86
Government Response
Not Addressed
HM Government
Not Addressed
The Government remains committed to building long-term strategic partnerships with businesses across all sectors. The Plan for Growth committed to set out a vision for high-growth sectors and technologies where the country is well placed to develop a globally competitive advantage. As part of this plan, this summer, BEIS has already published the Life Sciences Sector Vision. This 10-year strategy will tackle health inequalities, enhance the UK’s outstanding science and research environment, make the NHS a driver of innovation, and ensure the UK is the best place in the world to start and grow life science businesses. The details of subsequent sector visions will be set out by the relevant departments in the coming months. In developing these visions, the Government will consider its role in supporting high-growth sectors where the country is well placed to develop a globally competitive advantage. The Government will also consider how these sectors can also support wider Government objectives, for example, levelling up or enabling our transition to Net Zero. The Sector Deals Programme has seen the publication of 12 Sector Deals across 11 sectors between 2017 and 2021, and is now closed to new deals. The published Sector Deals are outcome focused, time limited and ongoing in varying states of delivery. Existing Sector Deals will continue, most recently the North Sea Transition Deal, which was published in March.