A new long-term plan for growth

How should the Government set its new Industrial Strategy?

 

The Government is gunning for growth, and a new Industrial Strategy lies at the heart of this agenda. But while an Industrial Strategy is supposed to set long-term policy thinking, it also comes to the fore in acute political crises, as Ministers have already found with threatened closures to steel plants and car factories. As the new Government sets out fresh long-term thinking on how it can support British industries, what should inform a new Industrial Strategy for the decisive decade ahead?

How should industrial strategy balance a front-footed focus on leveraging the strengths of many of its services sectors, with a more defensive approach to protecting vulnerable industries, like advance manufacturing? To what extent should place feature in a national strategy, and should any of that strategy be devolved to City-regions and local areas? Where does policy help or hinder firms’ expansion? And how much difference can a new Industrial Strategy make in terms of boosting jobs, living standards and economic growth?

The Resolution Foundation is hosting an in-person and interactive webinar to debate and answer these questions. Following a presentation of key highlights from new RF research and a speech from Richard Parker, Mayor of the West Midlands, a panel of Britain’s leading politicians and policy experts discuss how a new Industrial Strategy might succeed in boosting growth.