Source · Select Committees · Business and Trade Committee
Recommendation 25
25
Paragraph: 104
The process of developing Local Industrial Strategies was a useful exercise for many areas, even...
Conclusion
The process of developing Local Industrial Strategies was a useful exercise for many areas, even where no strategy was ultimately agreed with central Government. However, it is unclear what impact they have had in practice at either increasing local growth and productivity, or contributing to specific aims of the national Industrial Strategy such as the Grand Challenge missions.
Paragraph Reference:
104
Government Response
Not Addressed
HM Government
Not Addressed
56. The Government has worked with all places across England, through the Cities and Local Growth Unit (MHCLG/BEIS) to develop Local Industrial Strategies (LIS). However, in the four years since the Industrial Strategy was produced, the UK’s economic and business environment has changed. 57. Local places are best placed to set their own economic strategies to drive forward growth in their respective local economies. As part of the transition from the 2017 Industrial Strategy to the Plan for Growth, the Government is encouraging places to consider key sectors, assets and clusters they want to support to foster their long-term growth ambitions. This will build on the work undertaken as part of the LIS. The Government will continue to consider existing LISs and recovery plans when making decisions about how the Government supports areas.