Aldersgate Group reaction: Industrial Strategy announcement

Marie-Laure Hicks, Head of Policy at the Aldersgate Group, said: “The government has rightly recognised the importance of placing decarbonisation at the heart of industrial strategy and futureproofing UK growth. Businesses have been calling for an industrial strategy for long enough; this announcement means that focus can now shift towards delivery, which can provide the certainty and confidence needed to increase investment and growth in the UK. The stakes are high, with slow progress in this area meaning that the UK has fallen behind in the race to secure green investment, placing £224 billion of gross value-added (GVA) economic value at risk in heavy industry alone.

Marie-Laure added: “The success of a future industrial strategy will depend on taking a whole-value chain and place-based approach to planned policy interventions while engaging extensively with business. By doing so the government can build on the UK’s existing strengths, maximising regional opportunities across the country, and building the robust supply chains, skills and demand signals we need.”

For press enquiries please contact:
Ben Pummell
Strategic Communications Manager
Email: ben.pummell@aldersgategroup.org.uk