The new industrial strategy

In this scoping paper, we look at the big questions surrounding a new Industrial Strategy:

What is an Industrial Strategy? What lessons can we draw from past successes and failures? What types of policies work, and what don’t?

What are the UK’s economic strengths and weaknesses? What future trends will create new opportunities or threats?

What are the deeper causes behind Britain’s economic challenges? Why does British productivity lag so much behind its peers, or the distribution of its cities seem so unbalanced?

What shape should a new Industrial Strategy take? Could we turn Britain into the most innovative economy in the world? How do we ensure any new Industrial Strategy is green?

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