Industrial strategy to boost business support for Scotland

Scottish secretary David Mundell

Industrial strategy to boost business support for Scotland

A review of how UK and Scottish Government agencies can better collaborate to support business in Scotland has been announced as part of the UK Government’s modern industrial strategy.

The review of business support, to be conducted in partnership with the Scottish Government, is set to improve both the consistency and impact of government support to businesses in Scotland, including helping Scottish business access UK supply chain contracts.

Today’s Industrial Strategy white paper sets out a long-term vision for how Britain can build on its economic strengths, address its productivity performance and embrace technological change.

Scottish secretary David Mundell said: “Scotland has a world-renowned reputation for industrial success and innovation, and today’s Industrial Strategy will build on that. It will mean that Scottish businesses can continue to grow and thrive.

“We know that some businesses can struggle to get the support they need to grow their businesses effectively, and the current system of support can be inconsistent across the country. The review we are announcing today will ensure Scottish businesses get a more coherent, effective system of support.”

UK Government business secretary Greg Clark said: “Scotland has huge economic strengths, including in financial services, life sciences, higher education and research, quantum technologies and advanced manufacturing.

“We believe that a really effective Industrial Strategy should build on those capabilities, and help create new ones.”

In the Strategy, the government has identified four Grand Challenges; global trends that the UK must embrace. These are artificial intelligence, clean growth, ageing society and the future of mobility.

Each Grand Challenge offers an open invitation to business, academia and civil society to work with the government to innovate and ensure the UK seizes these opportunities.