Under its new industrial strategy, the government has committed £4.7 billion for science and innovation until 2020 and has announced the creation of a new Industrial Strategy Challenge Fund (ISCF). This will be modelled on the US Defence Advanced Research Projects Agency, known as DARPA. For seasoned innovation thinkers, this is very good news. But what’s so exciting about DARPA? Read more
Tag Archives: industrial strategy
This post first appeared on BusinessGreen.
As Theresa May’s foreword to the industrial strategy shows, the government has a lot riding on this policy. The prime minister variously talks it up as the answer to the UK’s productivity problem, the means of rebalancing the economy away from financial services, and a source of employment in those parts of the country that have lost successful industries. Delivering all these objectives will require multiple approaches, as no single intervention can achieve everything.
Theresa May recently launched the centrepiece of her domestic agenda: the UK’s industrial strategy. After six months of commentary on the parallels between the phenomena that led to the Brexit vote and US election result, it is useful to reflect on the differences that are starting to emerge. A quick read of the green paper appears to show that May is charting a very different course on industrial strategy from the one now being advocated on the other side of the Atlantic. Significant differences are the approach to resource productivity and the attitude to growing low carbon markets. Read more
This post is by Julie Hirigoyen, chief executive of the UK Green Buildings Council (UK-GBC).
Buildings are responsible for around a third of our greenhouse gas emissions, and have by far the most potential for achieving cost effective greenhouse gas reductions compared to other sectors.
This post first appeared on BusinessGreen.
The government’s hasty commitment to shield the automotive industry from the worst effects of Brexit demonstrates two things: the political importance of the car industry and the challenge that the industry faces in a post-Brexit UK. Tariff-free access to the single market is important for complex manufacturing, but it won’t make British industry any more competitive on its own. So what else can the government do? One thing would be to scale up a proven strategy and work with businesses to increase resource productivity.
This post is by Stephen Heidari-Robinson, former energy and environment adviser to David Cameron.
Unlike smog, today’s air pollution is an invisible killer: according to the Royal College of Physicians, 40,000 Britons die from it each year, twenty times the number killed in road accidents. Children are the most vulnerable: research suggests that their long term health and learning both suffer. Read more
This post is by Chris Goodall, author of The Switch, which describes how the world can cost effectively move to a zero carbon economy.
Sometimes we just don’t notice how well things are going in the race to decarbonise the world economy. Solar photovoltaic panels (PV) continue to decline sharply in cost. Batteries are becoming rapidly cheaper and we will have inexpensive electric cars with 200 miles of range within eighteen months. Wind turbines are improving in price and performance, particularly offshore. Energy use is proving easy to manage second by second. Optimism about a prosperous low carbon future for all seven billion people in the world is more justified with each passing month.
This post is by Green Alliance’s Dustin Benton, head of energy and resources, and Jonny Hazell, senior policy adviser.
Forget the theory: the first test of Britain’s new industrial strategy will be how it handles the steel crisis. Steel used to be the sign of an advanced manufacturing nation, and it still provides the sort of skilled employment outside London that Theresa May has promised to protect. It’s at the heart of the debate about exporting carbon emissions and Brexit Britain’s industrial future. The world will inevitably draw lessons from how it is handled.
Industrial strategy is back. It featured in Theresa May’s Birmingham leadership speech as one of the economic reforms necessary “to get the whole economy firing”. As prime minister, May has followed through by elevating the former Department for Business Innovation and Skills’ competitiveness remit ‘to develop a long term industrial strategy’ to the title of the new Department of Business, Energy and Industrial Strategy (BEIS). Read more
Last Friday we published the first three proposals in a new series in which we’ve asked leading thinkers, from politics, business and green groups, to set out their one big manifesto idea for the next parliament – the one they think will make a big impact in creating a greener Britain.
Today’s three ideas come from Chris Huhne, the Aldersgate Group and, in a joint proposal, the Robertsbridge Group and Greenpeace UK. Read more