Industrial Strategy White Paper Launched
The Government launched their white paper on the new Industrial Strategy this morning, stipulating how the Government plans to reform the economy and trigger renewed growth for the UK. The Chief Executive of the REA, Nina Skorupska, shall be attending the Governments official launch event this evening. 

This white paper follows the green paper from January which kicked off a year-long consultation process between Government and a wide number of industries. The REA has had a number of discussion with BEIS this year in relation to the strategy.

On the whole, the paper is positive in naming clean growth as one of four 'Grand Challenges' which Government intends to take advantage of to put the UK at the forefront of the industries future. 

Specifics for Clean Growth

The white paper states their intention to "maximise the advantages for UK industry from the global shift to clean growth – through leading the world in the development, manufacture and use of low carbon technologies, systems and services that cost less than high carbon alternatives."

Circular Economy

The white paper also makes specific commitments to 'moving towards a regenerative circular economy', although does not make reference to the EU's circular economy package. Rather they acknowledge the Natural Capital Committee advise "that  targeted investments in natural capital – such as woodland planting, peatland restoration and wetland creation – can deliver significant economic growth, and generate returns of up to nine times the costs."

ORG are please to see that the government are investing £162m in innovation for low carbon industry and developing a new strategy for the bio-economy.
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Feb 18
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