Recommendation 10

We repeat our recommendation that the Government develop a robust framework for measuring progress in delivering the industrial strategy, with clear metrics and targets for the remainder of this Parliament and the 10- year span of the Strategy. We expect future progress reports to make clear what success looks like for each individual pledge, target and measure, and to report performance against each measure. This will help the Government improve policy certainty for investors. The Industrial Strategy performance framework should also support: a. a quality assessment of public capital spending plans, in particular how much government investment and support is being directed to projects which make the greatest contribution to UK growth; and b. the systematic, granular and transparent appraisal and evaluation of the Government’s capital and resource spending, so that we can judge whether investment is actually growth-enhancing rather than simply large. (Recommendation, Paragraph 42)