Government’s Industrial Strategy Could Focus More on Brexit Opportunities

The Science and Technology Committee welcomed the Government’s industrial strategy Green Paper, but agreed that the paper could focus more on links with Brexit. It was agreed that as it stands, the industrial strategy is not yet fully configured to shape the UK’s Exit negotiations. The Science and Technology Committee also highlighted the need to updated the strategy in order to reflect the results of those negotiations as they proceed.

Stephen Metcalfe MP, Chair of the Science and Technology Committee, said:

“We agreed our committee report on the same day that the Prime Minister triggered Article 50. Brexit will present opportunities and risks for our economy and for the science and innovation that supports it. A regulatory regime that is well-crafted and tuned to our post-Brexit international research and trading relationships—both with Europe and globally—will be essential.

The Government has an opportunity to do more to strengthen the links between the industrial strategy and Brexit as the Exit negotiations now get under way. That will be vitally important for keeping the Government’s industrial strategy relevant and hooked-up to the opportunities presented by the evolving Brexit negotiations.”

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Published 12. April 2017 in News UK