Tim Loughton MP has welcomed a green paper on a new modern Industrial Strategy which will support businesses in London and the South East to grow and create more high skilled, high paid jobs for local people.
The Industrial Strategy will ensure everyone in London and the South East can benefit from success through ten ‘pillars’ – including investing in science, research and innovation, and upgrading infrastructure – that underpin a new approach and will identify all of the new opportunities across our economy. This strategy will create the conditions where the winners can emerge and grow in different types of business across London and the South East.
The modern Industrial Strategy will benefit London and the South East and proposes:
- Making Britain a global leader in free trade, so companies such as Google and Facebook continue to invest in our great capital.
- Growing our strengths in particular sectors and technologies, such as 5G mobile network technology in the South East of England.
- Cultivating our world-leading sectors, such as London’s creative industry, by considering how we can use and develop new technology, capitalise on intellectual property rights, and grow talent pipelines.
- Supporting key road investments, including the Lower Thames Crossing, where the Government will consider the findings of the consultation and take a decision on the location, route and type of crossing in due course.
- Improving connections for people and businesses through major infrastructure projects, for example through plans for better road and rail connections through the Oxford-Milton Keynes-Cambridge corridor.
- Making Britain a global leader in free trade, so that businesses in and around the South East can continue to invest and grow.