Page 70 - Minutes of meeting
P. 70
Strategic Context
UK Industrial Strategy, 2017 Barrow has a role to play in closing the productivity gap that
exists in the UK.
The UK Industrial Strategy seeks to create an economy that
boosts productivity and earning power throughout the UK, Northern Powerhouse Strategy, 2016
underpinned by five foundations of productivity:
The Northern Powerhouse Strategy establishes a vision for
+ Ideas – the world’s most innovative economy “joining up the North’s great towns, cities and counties, pooling
their strengths, and tackling major barriers to productivity to
+ People – good jobs and greater earning power for all unleash the full economic potential of the North”.
+ Infrastructure – delivering a major upgrade to the UK’s Relevant priorities include:
infrastructure
+ Improving connections between towns and cities in the
+ Business Environment – the best place to start and grow a North
business
+ Improving educational standards and skill levels across the
+ Places – providing prosperous communities across the UK region
The Industrial Strategy responds to four identified grand + Ensuring the North continues to be an excellent location to
challenges: undertake R&D, develop innovative ideas and start and
grow a business
+ Putting the UK at the forefront of the AI and data revolution
Identified strengths of the North include manufacturing,
+ Maximising the advantages for UK industry in the global pharmaceuticals, energy and digital sectors.
shift to clean growth
Identified challenges of the North include lagging productivity
+ Becoming a world leader in shaping the future of mobility compared to the South; poor connectivity limiting the reach of
northern cities’ labour markets, wages and productivity; lagging
+ Harnessing the power of innovation to help meet the needs innovation and enterprise; and a lower proportion of highly
of an ageing society skilled workers.
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