Growth Review Framework for Advanced Manufacturing
On 29 November 2010, The Chancellor of the Exchequer, George Osborne and Business Secretary, Vince Cable announced a fundamental review of what each part of Government was doing to create the best conditions for private sector growth. “The Path to Strong, Sustainable and Balanced Growth” identified specific sectors and structural areas as priority areas for the Government. One of the first Growth Reviews is on Advanced Manufacturing. Government attaches real importance to manufacturing, and believes it will help the UK economy achieve sustained, sustainable and balanced growth.
On 10 December 2010 BIS launched its 'Growth Review Framework for Advanced Manufacturing'. The Framework document is an invitation to provide comments and evidence to help identify the challenges and barriers to manufacturing growth, to feed into the Growth Review process. The document sets out the Government’s ambitions for manufacturing, developed with industry in recent months. It is supported by in-depth economic analysis and a statistical annex in order to provide a substantial evidence base.
A Manufacturing Summit was held at BIS on 25 January attended by Ministers and over 140 representatives from business, trade associations and other stakeholders. Contributions from participants at this event and from responses to the Framework were fed into the Advanced Manufacturing strand of the Government’s Growth Review that announced policy proposals in the Plan for Growth published as part of the Budget 2011.
The Plan for Growth takes a forensic look across Government at the barriers to growth, both across the economy and in sectors and how Government can remove them to stimulate private enterprise.