Source · Select Committees · Business and Trade Committee
Recommendation 27
27
Paragraph: 106
The Local Industrial Strategy model faced key limitations, including: a lack of associated long-term funding...
Conclusion
The Local Industrial Strategy model faced key limitations, including: a lack of associated long-term funding that could help unlock local investments; variable local institutional capacity to develop, implement and evaluate local strategies; limited priority and capacity within central Government to support the development of 52 Post-pandemic economic growth: Industrial policy in the UK local strategies; and a lack of clarity on how far the national vision could be adapted to local circumstances, or by what criteria the local strategies’ success could be judged. Many of these limitations are related to the powers, funding and support available to local areas to effectively develop and implement strategic local economic policies, appropriately informed by national priorities.
Paragraph Reference:
106
Government Response
Accepted
HM Government
Accepted
29. The Government agrees with the Committee that its policies and strategies should support the whole economy and deliver for all parts of the UK.