In 2013 the UK government launched a new Industrial Strategy. This new partnership between business and all parts of government has identified a range of opportunities to help create growth for the future, from developing new skills and securing critical investment to commercialising our scientific research and inventions.
They explore areas where government action can have a real and early impact across five themes:
Working with all sectors and developing strategic partnerships with those where we can have the most impact on growth
Supporting emerging technologies
Improving access to finance for businesses
Working with business to help develop skills they need
Developing supply chains and simplifying government procurement processes
A key part of the government's strategy has involved establishing strategic partnerships with key sectors that are vital the UK’s economic prosperity and where a public / private partnership can have the biggest impact. We provide over £1.65 billion for research and doctoral training that is directly relevant to the priority sectors identified in the Industrial Strategy. EPSRC develops the technologies, materials, advanced data management, statistical analyses and advanced instrumentation that enable cutting-edge breakthroughs across sectors including the health and life sciences.
It is therefore essential that where our investments provide these underpinning capabilities, we ensure excellent connectivity between the academic and industrial research communities. This ensures we can maximise the impact from these investments and allow our world class universities to provide the knowledge and skills needed to keep UK industry ahead of the global competition. The following pages provide some details about how our investments are supporting the sectors most germane to our work.
The strategy sets out an ambitious programme to secure the future of the UK’s aerospace industry over the next decade and beyond, and to capture the huge market opportunities from global growth in air travel. It aims to keep the UK at the forefront of world aerospace manufacturing and help us address the challenges of increasing global competition and changes in technology. It seeks to ensure the UK has the capabilities to be at the leading edge of the design, development and production of wings, engines, aerostructures and advanced systems.
This strategy builds on the success that the UK automotive industry already enjoys. It aims to make the sector’s long term future more secure, grow the UK share of the value chain and secure strong global competitive positions in low carbon research and development (R&D) and in premium and niche vehicles.
Sets out a vision and a plan for long-term strategic action by government and industry to continue to work together to promote the success of the UK construction sector. It focuses on key growth markets in smart technologies, green construction and overseas trade.
This strategy sets out a plan for government and industry to continue to work together to promote the success of the UK information economy sector. Its main themes are a strong, innovative information economy sector exporting UK excellence to the world; UK businesses across the economy making smart use of information technology and data; ensuring citizens benefit from the digital age and underpinning the information economy in the UK.
The government’s strategy for the UK life sciences industry. Focuses on applying biology in healthcare applications. Explains how the UK will become the global hub for life sciences in the future, providing an unrivalled ecosystem that brings together business, researchers, clinicians and patients to translate discovery into clinical use for medical innovation within the NHS. The UK will provide an environment and infrastructure that supports pioneering researchers and clinicians to bring innovation to market earlier and more easily, making the UK the location of choice for investment. Life sciences will continue to be vibrant in the UK and will be a key contributor to sustained economic growth.
The government’s Nuclear Industrial Strategy sets out shared commitments with industry. It takes a long-term approach to the opportunities for economic growth and job creation from the nuclear industry: new build, waste management and decommissioning, operations and maintenance in the domestic and global markets.
This strategy sets out how government and industry will work together to promote innovation, investment and economic growth in the UK offshore wind sector. It covers providing market confidence, building a competitive supply chain, supporting innovation, finance and building a highly skilled workforce.