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ICAEW comment on government industrial strategy launch

Author: ICAEW

Published: 14 Oct 2024

Alan Vallance, ICAEW Chief Executive, commented on the launch of the government’s industrial strategy, and publication of the green paper Invest 2035: the UK’s modern industrial strategy:

“A modern industrial strategy is a vital step towards providing the economy with the stability it requires for growth, and we are pleased that the government has today set out its plans in this area.

“In particular, we’re delighted to see recognition of the professional and business services sector as one of the areas with the highest growth opportunity for the economy and business, as it is key to the building of a highly-skilled economy. ICAEW members advise three million businesses across the country and know how to boost productivity, take opportunities and create growth to build the tax base, increase employment and share prosperity.

“We believe that the government needs to take a long-term holistic view and ensure that its industrial strategy is integrated with plans for trade, tax, investment and skills, with aligned objectives and outcomes and a focus on regional hubs. We want Britain to be the best place to invest and to start, run and grow a business, and we stand ready to play our part.”

ENDS

Notes to editors:

Read Invest 2035: the UK’s modern industrial strategy.

Contact: ICAEW media office, ruth.pott-negrine@icaew.com or 07557 161315