BRC responds to publication of industrial strategy paper

BRC responds to publication of industrial strategy paper

BRC responds to publication of industrial strategy paper

Putting the United Kingdom "at the forefront of the artificial intelligence (AI) and data revolution" has been announced as a key plank of the government's Industrial Strategy which was launched today.

United Kingdom business secretary Greg Clark said other investments will follow in the £64bn life-sciences industry, one of four to strike a "sector deal" between different industries and ministers as part of the new strategy.

For the third challenge, the government vows that the United Kingdom will "become a world leader in shaping the future of mobility".

In addition, it will focus on the development of an updated regulatory framework that will encourage "new modes of transport and new business models" and will promote new mobility services such as journey-sharing by "blurring the distinctions between private and public transport". David Palmer-Jones, CEO of SUEZ Recycling and Recovery UK, said: "The government's commitment to moving towards a regenerative circular economy is the right step towards making a more productive Britain".

The strategy sets Britain the challenges of being at the forefront of the artificial intelligence revolution, meeting the needs of ageing population, using "clean technology" and becoming a "world leader" in the movement of people and goods.

Over the next three years, the government will investment £725m through its Industrial Strategy Challenge Fund (ISCF). The government has set a target of increasing the amount of economic output spent on research. "Health and social care are devolved but the technological challenges and benefits can be supported and seized across the UK", the strategy says.

Hugh McNeal, RenewableUK Chief Executive expressed disappointment that the Industrial Strategy does not mention onshore wind, wave or tidal energy. Artificial intelligence and machine learning are general objective technologies already starting to transform the global economy.

"As almost 80% of construction products used in the United Kingdom are made in the United Kingdom, this long-term view will give our industry the reassurance to invest in our sector".

"The Industrial Strategy can have a transformative impact on the UK's economy, driving low carbon innovation and the continued growth of jobs, skills and supply chains", Molho said. A recent study found digital technologies including AI created a net total of 80,000 new jobs annually across a population similar to the United Kingdom 20.

Last week, Britain's budget forecasters slashed their estimates for the UK's growth over the next five years, citing reduced projections for productivity and Brexit headwinds.

The announcement also offered open invitations to businesses, academic groups and civil society to work and engage with the government to innovate and develop new technologies in these fields.

The Industrial Strategy is meant to push the United Kingdom towards the forefront of the data-driven revolution.

The third part of the government's AI plan is to ensure that the United Kingdom becomes a world leader in the "safe and ethical use of data and artificial intelligence". That will include engaging with industry to explore establishing data trusts to facilitate the secure sharing of data.

Related news