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 08 August 2007
Confident Consumers - A Fair Deal creating Prosperity & Success for All
 
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Departmental Vision and Objectives

The Statement of Purpose

The Department’s statement of purpose, ‘Creating the conditions for business success; and helping the UK respond to the challenge of globalisation’, builds on the Department’s Strategy and Five Year Programme; and emphasises, that as the Department responsible for trade, business, employees, consumers, science and energy, the Department is in a unique position to contribute to the wider challenge of globalisation - enabling business and employees to prosper in the UK.

The Strategic Objectives

Achieving the Statement of Purpose requires that the Department continue to focus on its strategic objectives of:

  • Supporting Successful Business – recognising that business and Government have a shared goal in working together to ensure improved competitiveness, through identifying and tackling market failures and overcoming barriers to growth. And, just as business operates at a global, national, and local level, so must Government.
  • Promoting World Class Science and Innovation – to support the development of a knowledge economy, Government must both support the science base, and ensure the efficient flow of this knowledge to firms, through strong innovation networks, to ensure that these ideas can be turned into high value products and services.
  • Ensuring Fair Markets – fair and open markets, at home and abroad, are critical to UK prosperity. The Department has a key role in establishing the UK competition policy framework, and promoting the benefits of market liberalisation in the EU and globally; empowering consumers to make markets work; ensuring that the Department follows the principles of better regulation and ensuring that individuals can contribute in the workplace to their full potential.
  • Secure, Sustainable, Affordable Energy – ensuring competitive energy markets deliver reliable, sustainable and affordable energy for business and consumers. Within this the Department also remains focused on improving the efficiency and effectiveness with which it discharges its energy related liabilities and international obligations in respect of nuclear security and export control.

Alongside these objectives, the Department is also required to manage a wide range of Government assets and liabilities.

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