The UK’s industrial strategy aims to improve the performance of UK businesses, increase productivity and create good quality jobs across the country. Global demand for low carbon energy infrastructure is rising and businesses are increasingly recognising their exposure to carbon and resource risk. The industrial strategy will only succeed if it fosters low carbon and resource efficient growth.
Our January 2017 report, infographic and animated infographic set out the three elements that an industrial strategy needs to be successful:
•Raise the baseline: to build UK manufacturing competitiveness by using product and process innovation to radically improve energy and resource efficiency.
•Futureproof: to ensure that leading UK business sectors remain competitive by developing goods, services and processes that will be in high demand in a low carbon, resource efficient world.
•Double down: to focus on sectors that have the potential to deliver both high productivity and decarbonisation, to foster world class new industries in the UK.
In April 2017, Green Alliance published a collection of essays, Industrial strategy fit for the future: perspectives on building a competitive UK economy, which brings together the views of seven respected thinkers from politics, business, trade unions and academia on the kind of economy the industrial strategy should be building and the role low carbon and resource efficiency can play. Essay authors include Sir Vince Cable, Carolyn Fairbairn of the CBI and Paul Nowak of the TUC.
Green Alliance published a report, Lean and clean building manufacturing excellence in the UK, in October 2017 demonstrating how a government supported manufacturing upgrade programme, which helps businesses to identify and capitalise on resource efficiency opportunities, is needed to spread best practice and stimulate investment and innovation. A joint statement alongside five leading business organisations states that the government could add £10 billion to manufacturing sector profits and ensure good jobs remain in the UK.