Pitmans Event

UK’s Industrial Strategy Green Paper: Businesses must be allowed to flourish

Pitmans Law was delighted to host a roundtable breakfast on 30 March with the Thames Valley Berkshire LEP and fellow business organisations from the region including the Institute of Directors, the Institute of Chartered Accountants of England and Wales (ICAEW), Institute of Environmental Analytics (IEA) the Federation of Small Businesses and Economic Development Officers from key local authorities, to discuss a response* to the government’s consultation on the UK’s Industrial Strategy.

Heralded as the long term solution to Brexit, the Industrial Strategy is essential for the future of business in Britain and the £35 billion Berkshire Business Economy.

Key points arising from the lively discussion centred around the message that businesses must be allowed to flourish in the region through:

  • bridging STEM skills gaps and the technology skills gap in particular
  • addressing post Brexit immigration issues and the need to continue to retain employees from abroad
  • enhancing digital infrastructure through super fast broadband
  • increasing global connectivity through Heathrow expansion
  • enabling innovation and growth through funding initiatives
  • delivering appropriate housing to accommodate employees

The session ended with a call for businesses in the region to work together to build a commercial voice promoting the Thames Valley as the UK’s Silicon Valley where corporates can achieve more for less.

*The response to be prepared by the Thames Valley LEP will focus on the pillars of the Green Paper covering the following 4 priorities:

1. Scaling up growth

  • Supporting business to start and grow
  • Investing in science, research and innovation
  • Driving growth

2. Growing STEM (Science, Technology, Engineering & Mathematics) Skills

  • Developing skills
  • Creating the right local institutions

3. Transforming Infrastructure

  • Upgrading infrastructure
  • Delivering affordable energy and clean growth
  • Improving procurement

4. Retaining International Companies

  • Encouraging trade and inward investment
  • Cultivating world-leading sectors