IoD: Important that time is taken to get industrial strategy right for the long-term

Responding to the publication the Government’s green paper, Invest 2035: The UK’s Modern Industrial Strategy, Dr Roger Barker, Director of Policy at the Institute of Directors, said:

“The government’s green paper is a necessary first step in the development of an industrial strategy which provides a more stable and predictable framework for business investment. It is important that time is taken to get it right, so that policy commitments are shielded from short-term political pressures, facilitating the willingness of the private sector to make long-term investment decisions.

“We continue to be reassured by the government’s commitment to the growth mission, as well as its desire to engage with business in the development of its detailed proposals. Today’s Investment Summit is further evidence that government understands the challenge and recognises the value that overseas investment, in particular, will provide.

“We are looking forward to working closely with government over the coming months to ensure that the design of ultimate industrial strategy is one that is fit and right for driving the UK economy forward.”