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Committee sent to Coventry in search of industrial strategy

Committee sent to Coventry in search of industrial strategy

🕔26.Oct 2016

The Business, Energy and Industrial Strategy select committee meets in Coventry this morning as part of its inquiry into industrial strategy. 

Witnesses at the session, which takes place at the Manufacturing Technology Centre, include Cllr Bob Sleigh, chair of the the West Midlands Combined Authority; Professor David Greenwood, Warwick Manufacturing Group; Matthew Rhodes, Greater Birmingham and Solihull Local Enterprise Partnership; Jonathan Browning, Chair, Coventry and Warwickshire Local Enterprise Partnership; and David Bailey, Professor of Industrial Strategy, Aston Business School.

The Committee is consider what the Government means by industrial strategy, a major theme since Theresa May was given the keys to Number 10 and Greg Clark took control of a restructured Business Department.

Priorities for the private sector, in terms of what businesses want from a revamped industrial strategy, the pros and cons of a sectorial approach and possible geographical emphasis will also be explored by the Committee.

The Committee says it will also look at the industrial strategies of previous governments and of other countries to see if there are any lessons to be learnt.

Last week, the network of 39 LEPs across the country – including Greater Birmingham and Solihull, Coventry and Warwickshire and the Black Country, submitted its evidence to the committee.

The LEP Network set out what its sees as the fundamental ingredients of what an industrial strategy must include if it is to prove effective, and sustain investment and growth in the UK after Brexit. They set out their top ten “defining principles:”:

1)  Listen to local business voice

2)  Keep the approach local

3)  Include local sectors

4)  Link places together

5)  Define ‘industrial’

6)  Measured intervention works

7)  Understand place

8)  Use what works

9)  Focus on key locations

10) Support local opportunities.

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