The UK government has published a ten-year strategy outlining how it aims to boost productivity and innovation across eight key sectors of the economy. From the future of AI to energy security and net zero, it’s a broad and ambitious plan. Our experts assess what it tells us about how the UK economy – and the jobs it offers – could look in future.
Here’s what the experts think Including Professor Michael Lewis, one of the academic leads at the SALIENT Hub.
Advanced manufacturing: promising plans, but persistent problems
Michael Lewis, Professor of Operations and Supply Management, University of Bath
The government plans to invest £4.3 billion in advanced manufacturing. This covers research-driven production in sectors including automotive, aerospace and advanced materials (engineered substances that are especially useful in these industries). Some firms may also get energy cost relief through green levy exemptions.
A long-term plan is overdue, but the challenges are huge. Automotive production is targeted to rise substantially, but the sector will still depend heavily on a range of critical imports. The aerospace sector will start 40,000 apprenticeships by 2035, yet further education funding remains below 2010 levels. Much of the promised investment appears to be the repackaging of existing funding.
Most importantly, how to deliver these changes remains unclear. There are good ideas, like £99 million to expand the relatively successful Made Smarter Adoption programme to help small and medium-sized enterprises employ digital technology. But when helping small firms adopt basic digital tools counts as policy success, it shows how far UK manufacturing has fallen behind competitors. Likewise, when you need a new “connections accelerator service” just to help companies connect to the grid, it shows the scale of basic infrastructure problems that undermine grander ambitions.
Overall, the strategy marks real progress. However, without clear delivery plans, it reads more like a wish list than an action plan. This explains why industry reactions have been cautiously optimistic at best.
Read the full original article republished from The Conversation under a Creative Commons license.