Source · Select Committees · Business and Trade Committee
Recommendation 6
6
Acknowledged
Specify selective grand challenges to galvanise whole-of-government efforts to boost priority sectors
Recommendation
We recommend that the Industrial Strategy Advisory Council works quickly to specify some selective grand challenges designed to galvanise whole- of-government efforts to boost the priority sectors set out in the Industrial Strategy. The challenges should be designed in a way to help transform public-private collaboration across a larger part of the economy and stimulate greater potential for growth. (Recommendation, Paragraph 41) International and Domestic markets
Government Response Summary
The government outlines the role of the Industrial Strategy Advisory Council in providing advice, monitoring, and supporting workforce strategies, stating it will seek the Council's advice on industrial strategy delivery through future commissions. However, it does not commit the Council to quickly specifying selective grand challenges as recommended.
Government Response
Acknowledged
HM Government
Acknowledged
3.1. Our modern Industrial Strategy will help us seize the most significant opportunities and create the most favourable conditions in key UK sectors for the companies of the future to emerge here – the ones that have a transformative role to play in the clean energy transition, the tech revolution, the fundamental impact of AI on every sector, and the new geopolitics. 3.2. The Industrial Strategy Advisory Council underpins the government’s commitment to embed longevity in the strategy by providing a permanent institution to provide advice, monitor delivery, evaluate impact and build the evidence base to support future policy development. As set out in the Industrial Strategy, the Council will be part of the new Labour Market Evidence Group to provide analysis and share evidence to support the development of workforce strategies and help government ensure that UK businesses in the IS-8 have access to the skilled workers they need. In addition, the Council will support work led by the Chair of Skills England to explore how employers, individuals and local and central government work together to address the UK’s skills needs to support jobs of the future in the growth-driving sectors. 3.3. The Government will seek the Council’s advice on a range of key areas of industrial strategy delivery through further commissions in due course, ensuring that delivery of the strategy benefits from expert, evidence-led advice.