Quarterly Economic Survey Breakfast: Q1
Each quarter, the Sheffield City Region Chambers are hosting flagship events with The Source and Sheffield University Management School to share the Quarterly Economic Survey results and what they mean for business.
This event, hosted by Sheffield Chamber, will offer insight into the regions business economy for quarter one. It follows a 'we asked, you said and we did' format and will highlight any issues of concern that have been raised by business and feedback on the general economy, skills, employment, international trade and hot topics affecting their business. Quarter one will also offer an overview and debate of the Governments Industrial Strategy.
More about the Governments Industrial Strategy
The Department for Business, Energy and Industrial Strategy recently unveiled their green paper consultation for the upcoming industrial strategy. The strategy will include key objectives such as developing skills, upgrading infrastructure, supporting businesses to start and grow, improving procurement and driving growth across the whole country. Greg Clarke, the Minister for BEIS stated that 'we start from a position of great strength' and 'this is a hugely important moment for the United Kingdom, a moment when we must prepare a new strategy to earn a prosperous living in the years ahead'.
What is it going to cover?
The Department for Business, Energy and Industrial Strategy is in the process of building a modern industrial strategy to help build an economy that works for everyone. The aim for this is to increase productivity and by driving growth which will improve living standards and economic growth across the country. The Government's official line on this is that their plan for business is not just to leave the EU but that 'it is a place to build a stronger, fairer Britain that works for everyone, not just the privileged few'.
The main objectives set out for the industrial strategy by the green paper consultation which will end in April are to 'build on our strengths and extend excellence into the future'; 'to close the gap between our best performing companies, industries, places and people and those which are less productive'; and to 'make the UK one of the most competitive places to start or grow a business'.
British Chambers Director General, Adam Marshall, commented on the industrial strategy saying 'business communities across the UK say they want an active partnership with government to boost growth, productivity, and prosperity. In that spirit, we will continue to work closely with ministers to ensure that the government's industrial strategy has a clear mission, gets the fundamental right, and helps both places and industries realise their full potential'.
The event is kindly hosted by Greg Wright, Deputy Business Editor of The Yorkshire Post.