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Government plans for “stepping up to a new, active role” within industry

PM Theresa May will unveil the governments new launch plan today (23/01/2017) at her first regional cabinet meeting, to ensure industrial strategy will be actively supported and encouraged to improve the UK’s economy post-Brexit.

The government will be “stepping up to a new, active role”, PM Theresa May said, alongside the release of a green paper that will outline ways the government will provide backing to businesses by addressing regulatory barriers, agreeing trade deals and helping to establish institutions that encourage innovation and skills development.

The 10-point plan involves:

  • Investing in science, research and innovation
  • Developing skills
  • Upgrading infrastructure
  • Supporting business to start and grow
  • Improving government procurement
  • Encouraging trade and inward investment
  • Delivering affordable energy and clean growth
  • Cultivating world-leading sectors
  • Driving growth across the whole country
  • Creating the right institutions to bring together sectors and places

Read the full story on the BBC here

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