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New Industry, New Jobs

Map of Britain12 May 2010: Information on this page relates to policies of the previous government and may not be up to date.

New Industry, New Jobs is an active industrial strategy for Britain.

It's about the British Government actively working to ensure our people and businesses are equipped to compete and win in the global economy emerging from this downturn.

Read the policy document here (PDF, 460KB)

It’s a key part of Building Britain’s Future - the Government’s plan to invest for the recovery and make Britain a fairer, stronger and more prosperous society in the future.

Building on New Industry, New Jobs, in January 2010 the Government launched Going for Growth: Our Future Prosperity, which set out for the first time a coherent cross-government approach for supporting sustainable economic growth.

In October 2009 BIS held a major conference to help us understand more about the industrial policies that have worked, both overseas and in the UK, and to ask where the UK should be targeting its resources. Participants were drawn from business, academia, think tanks and government.

New Industry, New Jobs – Conference Report, October 2009 (PDF, 149KB)

One year on

To mark a year since the publication of New Industry, New Jobs, BIS is taking further decisive action to help business succeed and grow in the global economy of the future.

The New Industry, New Jobs - one year on (PDF, 714 Kb)  report sets out what has been delivered across the last 12 months to strengthen Britain’s industrial capabilities and invest in the UK’s strengths in industries and technologies of the future. It highlights important developments over the past year including:

  • The creation of the Department for Business, Innovation and Skills, which puts together for the first time some of the key policy levers for competitiveness, including skills, higher education, research, innovation and business policy, in a single department with a clear remit to drive future growth;
  • The creation of Infrastructure UK to map the UK’s future infrastructure needs and enable the investment to put this in place;
  • The Low Carbon Industrial Strategy that has supported investment in wind and wave technology and implemented measures to help build the nuclear supply chain. The UK has the world’s largest demonstration of its kind for ultra-low carbon vehicles and is now set to be a global leader in ultra low carbon transport and wind, wave and civil nuclear energy generation;
  • A range of sectoral strategies, backed with new investment. The advanced manufacturing strategy in July 2009 focused on how the UK can benefit from its strengths in underpinning technologies, such as industrial biotechnology, advanced composites and plastic electronics, which can support growth across a range of sectors;
  • The creation of the Strategic Investment Fund, set up at Budget 2009 which earmarked almost £1 billion to projects to develop the UK’s comparative strengths in new technologies and capacities for innovation. These include an offer of an £80million loan to Sheffield Forge Masters to build an ultra-heavy forging capability for nuclear components and an intention to provide grants of up to £30million to Mitsubishi to support offshore wind research and development in the UK.

The report also sets out the forward agenda including:

  • How the Government will respond to the UK’s first ever National Skills Audit, published in March 2010, with new plans to target funding and action on strategic skills gaps;
  • £20million in new funding for the successful Small Business Research Initiative and the launch of the Growth Capital Fund, to provide capital for innovative small firms.
  • The government’s intention to develop a network of technology and innovation centres to help commercialise cutting edge British research, following a report by technology entrepreneur Herman Hauser, his report is published today;
  • How the Government will imbed a new active approach to building Britain’s industrial capabilities across government, including through a possible modernisation of the legislative framework.

 

Lord Drayson talks at the Low Carbon Vehicle 2009 event 

Thinking Business

The relationship between government and business is evolving. Thinking Business in Policy – developing our industrial capability proposes policymakers use supply chain analysis and greater business engagement to identify business opportunities.

More on Thinking Business