UK Coatings Industry Welcomes Industrial Strategy Amidst Brexit Uncertainty
LONDON – The government of the UK recently announced its plan for implementing the long-awaited modern Industrial Strategy, which has been welcomed across the coatings industry, particularly given the cloud of uncertainty still surrounding Brexit. The strategic pillars outlined in the strategy touch upon some of the key weaknesses, areas of concern and opportunities for business which, if tackled, will provide a catalyst for Britain’s future economic growth.
The announcement sets out the thinking behind the new Industrial Strategy in a green paper, which has essentially started the UK government’s consultation process with business. The UK government’s commitment to selective intervention, with a focus on science, research and innovation; affordable energy and infrastructure; and skills, exports and inward investment, is outlined in the paper.