Recommendation 30

The process of designing Local Industrial Strategies effectively underpinned strategic conversations about industrial policy at the local level. In particular, the insights and networks they generated among local stakeholders could support the effective use of central Government funding for levelling up and community investment. Discontinuing this underpinning structure could hinder this objective and may be especially disruptive as the Government prepares to launch the Shared Prosperity Fund. It is also unclear through what mechanism coordination and co-creation of industrial policy between local business, local government, and central Government will be achieved in future.