Government issues sustainable growth strategy

20 July 2010 #SMMT News

In response to the challenges facing the UK’s economy, government today published its ‘Strategy for Sustainable Growth’, which reaffirms a commitment towards balanced and sustainable growth within the private sector.

Through innovative collaboration with business and industry sectors, in particular the Automotive Council, the report proposes the establishment of positive policy frameworks, in order to promote a skilled workforce with the ability to deliver economic innovation and growth through business investment and exports.
Business secretary, Rt Hon Dr Vince Cable, MP, made special reference to the UK’s science and technology strengths, identifying the move to low carbon as a key opportunity for the economy.
The report also supports the recommendation to remove legislative barriers, which inhibit international growth, restrict international access to trade markets and demote global economic growth. The strategy also highlights government vision to secure with its trading partners in the EU, free trade agreements with South Korea and India.   
Over the course of the summer, government will look to engage further across industry as it develops its strategy before the submission of a White Paper this autumn.
At the same time, a new Manufacturing Framework will be published which will look  specifically at trade barriers for manufacturing companies, including access to finance, technology, engineering skills and the perception of modern manufacturing within industry.
For more information and to download the government’s ‘Strategy for Sustainable Growth’, click here

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