Today the Government released its Industrial Strategy. Ideas, people, infrastructure, business envrionemnt and places provide the five foundations of the report in a bid to boost UK productivity. Here, Tom Carpen, Planning Associate in our Infrastructure and Energy team provides his intital thoughts to the white paper.
“What is striking here is that rather than talking purely about the big picture economy, there’s a strong emphasis on collaboration and ‘people and places’ leading the way regionally. We can see that through targeted infrastructure investments of £31bn and funding for devolved powers through the new Transforming Cities Fund.
“What the strategy is doing is not just building on the pledges made in the Autumn Budget, but more importantly, echoing the recommendations that the National Infrastructure Commission (NIC) set out in its report in October. It’s important that there’s a healthy relationship between Government and the NIC and that there is an ability to shape policy debate and to get people involved. It’s through this approach that we’ll really see regional economies reap the benefits that infrastructure can bring.
“For the first time, there is also a strong commitment to ‘Clean Growth’ to cut back on carbon emissions – again echoing the NIC’s proposals. Some commentators have argued that the recent Budget lacked support for low carbon technologies. It will be interesting to see whether this commitment in the Industrial Strategy has a tangible impact on government investment decisions for technologies such as Tidal power in the coming months and years.”
Posted with the following keywords:
Infrastructure, Industrial Strategy