Industrial policy
What role should government play in intervening in the economy? How can we ensure policy across government joins up to deliver long-term, sustainable growth?
It’s time to think again about industrial policy
Creating confidence: key reasons to look again at industrial policy (pdf)
It is time for a new approach from government to realise sustainable economic growth. Improvements to the business environment produced by economic liberalisation in the last three decades have allowed businesses to flourish. But in a modern complex economy, we also need to be more strategic about identifying our strengths and realising our potential.
As the CBI report A vision for rebalancing the economy - a new approach to growth showed, the predominantly laissez-faire approach to markets and sectors has created an expansion overly dependents on consumption to drive growth. We now need a strategy for rebalancing in favour of investment and trade.
A new approach
We are re-examining the role of industrial policy. This means taking a fresh look at how policies designed to help British businesses deliver growth function as a whole – and whether their impact can make the UK globally competitive for the long term.
Our aim is to develop a clear picture of what a modern industrial policy for the UK should look like, building on the key principles already set down for industrial policy by businesses. This means developing this vision further, and providing tangible actions for government and others to take forward.
What are we doing?
Business needs to set out what it expects from industrial policy
International comparisons
What the UK can take from abroad to signal ambition and develop capabilities
Industrial policy news
Coverage of industrial policy in the media - and on the CBI website
Want to contribute to our work on industrial policy? Get in touch