The UK government (HMG) has released its Green Paper on “Building our Industrial Strategy” in which it states that it is keen to work with industry to identify the UK’s competitive strengths and then to work out how HMG can better help industry to grow and to drive better productivity. The Green Paper sets out 10 “Pillars” on which the strategy will be based and these cross–cut all industrial sectors. The Green Paper is not a strategy as such: it is a consultation document on a proposed strategy and sector participants are encouraged to comment in particular on the 38 questions for consultation set out at the end of the document. I would encourage everyone that has an interest in the industrial success of the UK whether you are a UK company that trades solely in the UK and/or sells overseas or a non-UK company based in the UK trading in the UK and/or using the UK as a gateway into Europe to consider the document and to respond to the consultation questions by 17th April 2017. I asked the experts at Eversheds in our Diversified Industrials sector to review the 132 page document and provide their perspective.
The original press release can be found here on the Eversheds website