Announcing the strategy, the Secretary of Business, Innovation and Skills, Lord Mandelson said the new plan is about a renewed politics of production. The strategy, “
Going for Growth: Our Future Prosperity”, outlines seven key areas to building foundations of low carbon industrial competitiveness. These are:
- Investing in the infrastructure to support a low carbon modern economy;
- Ensuring open and competitive markets allowing business to grow;
- Building on industrial strengths in sectors of expertise and investing to foster new comparative advantage;
- Supporting enterprise and entrepreneurial activity;
- Fostering knowledge creation and its innovative application;
- Helping people develop the skills and capabilities to reach their personal and economic potential; and
- Understanding and employing the right strategic role for government in markets enabling us to capitalise on new opportunities.
Lord Mandelson also announced £70 million new funding under the Engineering and Physical Sciences Research Council for state of the art university knowledge base of manufacturing research centres. “The £70M funding we’re announcing today for state of the art manufacturing research centres shows what we can do to realise our potential,” said Lord Mandelson.
Businesses can benefit by accessing the following funding:
Meanwhile, the Government has also announced that rural communities and hard to reach areas will benefit from a share of £1billion of investment to upgrade the current digital infrastructure to bring super-fast broadband to 90 percent of the country.
Related LinksGoing for Growth: Our Future Prosperity ReportLord Mandelson’s speech on ‘Going for Growth’ at the launch of the strategy
