The Industrial Strategy White Paper – Building a Britain fit for the Future  – has been released, designed to provide a broad and long-term vision to boost the economy.  The Industrial Strategy is underpinned by what it calls the ‘Four Grand Challenges’ – the response to global changes in technology and industry, which are to:

1. Put the UK at the forefront of the artificial intelligence and data revolution

2. Maximise the advantages for UK industry from the global shift to clean growth

3. Become a world leader in shaping the future of mobility

4. Harness the power of innovation to help meet needs of an ageing society

The Strategy also outlines policy actions under ‘Five Foundations’ with a strong focus on boosting innovation, investing and delivering infrastructure (including HS2), and addressing the UK productivity problem of the long tail of low productivity firms and poor skills. You can access the White Paper here.