Invest 2035: the UK’s modern industrial strategy
An interesting read as we look to discover the UK Governments thoughts on industrial strategy. The obvious gap comparison with a commercial strategy is that green paper doesn't holistically assess the global market and competitor positions. Rather it sells UK strengths, ambitions and future focus. I am a big supporter of the rationale for a industrial strategy so will engage with and cheer on the new Government, as we collectively define our national industrial strategy.
The 'Green Paper' has eight identified growth-driving sectors:
? Advanced Manufacturing
? Clean Energy Industries
? Creative Industries
? Defence
? Digital and Technologies
? Financial Services
? Life Sciences
? Professional and Business Services
There is no mention of shipbuilding. However, as a global shipbuilding exporter we need strength in all these areas to succeed. We apply advanced manufacturing, promote clean energy solutions, demonstrate our creativity in every facet of our customer offer, develop defence products, deploy the latest digital technologies, lever export finance, and deliver customer friendly professional services. Perhaps our weakest area is life sciences but who knows how we will diversify in the future.
Perhaps my biggest reflective takeaway is the realisation that 'industrial' businesses have to win on all fronts to be competitive which rather suggests the 'industrial strategy' needs to sustained and supportive on a broad front. Our national character will bring the creativity, entrepreneurship and graft needed - but government needs to bring the stability, perseverance and common-sense that motivates.
Founder at The Developments Group 07492070000
4 周Too long procedure strategy, few years enough to do it.
International Naval and Nuclear Engineering Consultant
1 个月Thankyou for your insightful prognosis of the new government “Green Paper” Tony. I agree shipbuilding needs to play a more prominant role in future plans. I don’t know about you, but I am concerned about Navantia’s interest in Harland and Wolff for this smacks of government failure towards one of our oldest and organic industries.