Select committee: Business, Innovation, Science and Trade Committee
Conclusion 30
First Report - Post-pandemic economic growth: Industrial policy in the UK
Published 28 Jun 2021
Paragraph 114
Addressed to Department for Business and Trade
Business, Innovation, Science and Trade Committee Post-pandemic economic growth: Industrial Strategy All items in this report Report on parliament.uk ↗ Inquiry on parliament.uk ↗
Conclusion (the committee's words)
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.
From: Business, Innovation, Science and Trade Committee, First Report - Post-pandemic economic growth: Industrial policy in the UK (HC 385), paragraph 114, 28 June 2021
Government response
The government responded to the whole report on 24 September 2021 (deadline 28 August 2021).
Summary written by Accountability Index from the government's response. It is not the government's own words.The government welcomes the report and sets out its approach through the Plan for Growth, agreeing on some points, stating that it does not believe a review of each Sector Deal is "the correct way to approach this issue", and declining to publish NERT dates and minutes.
- The government "agrees with the Committee that its policies and strategies should support the whole economy and deliver for all parts of the UK", and will work with the Devolved Administrations and regional and local leaders "where appropriate".
- It does not believe reviewing each Sector Deal for the impact of Covid-19 is "the correct way to approach this issue"; instead it "will continue to engage with sectors".
- On publishing dates and minutes of the National Economy and Recovery Taskforce, it "has noted" the interest, citing a "long-established precedent" that such information is not shared publicly.
- It will publish a Levelling Up White Paper "later this year", which will include plans for local leadership, "including considering the future of LEPs".