Earlier this year, the Government launched its consultation on a proposed Industrial Strategy. This aims to addresses long-term challenges to the UK economy, improving living standards and economic growth by increasing productivity and driving growth across the whole country.
YTKO’s view is that there is a real lack of clarity in the Green Paper on actually “how” various proposals in the consultation will actually be delivered, and on what evidence they are based. We are particularly concerned about the noticeable lack of focus on the SME economy, responsible for 60% of all private sector jobs, in favour of support for academic R&D.