1 / 12

Industrial Strategy: government and industry in partnership Metals Sector

5 September 2014 www.gov.uk/bis/industrial-strategy #ind strategy. Industrial Strategy: government and industry in partnership Metals Sector. UK Industrial Policy Timeline. September 2007 – Northern Rock run on the bank Q2 2008 - UK recession underway

hunter-everett
Download Presentation

Industrial Strategy: government and industry in partnership Metals Sector

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. 5 September 2014 www.gov.uk/bis/industrial-strategy #ind strategy Industrial Strategy:government and industry in partnershipMetals Sector

  2. UK Industrial Policy Timeline • September 2007 – Northern Rock run on the bank • Q2 2008 - UK recession underway • 15 Sept 2008 – collapse of Lehman Bros • June 2009 – BIS created as a new department (replacing BERR) • May 2010 – first UK coalition government in modern era • March 2011 – The Plan for Growth • September 2012 – key Vince Cable industrial strategy speech • By July 2013 – 11 sector strategies published • April 2014 – industrial strategy “one year on” • Q3 2014 – GDP back to Q1 2008 level

  3. Industrial Strategy Industrial Strategy: government and industry in partnership • Industrial Strategy: giving businesses the confidence to invest • Key principles: • Long term • Partnership with business • Whole of Government approach

  4. Five themes of Industrial Strategy: Industrial Strategy • emerging technologies including the “8 Great” • access to finance • helping businesses to develop the skills that they need • simpler and more transparent public sector procurement • A spectrum of support for all sectors

  5. Space technology Big data Robotics Advanced materials and nanotechnology Synthetic biology Energy storage Agri-science Regenerative Medicine Industrial Strategy Technologies • Investing in emerging technologies where the UK has research expertise and business capability to develop and exploit these. • £600 million being used to support the eight great technologies • Catapult centres (similar to Fraunhofer centres) The first seven Catapult centres now open for business with total public and private investment exceeding £1.4 billion over their first 5 years.

  6. Industrial Strategy Skills Working with business to develop the skills that business need: • £100m employer ownership fund - created to co-finance investment in skills in key sectors and new technologies • Apprenticeship expansion and reform • “Elite colleges” linked to areas of strategic investment • Extra funding for teaching high cost science and engineering subjects in universities reflecting industrial strategy priorities • Initiatives to engage young people, particularly young women, with engineering such as ‘See Inside Manufacturing’ and ‘Make it In Great Britain’

  7. Industrial Strategy Access to Finance A key issue for businesses • British Business Bank launched as an interim organisation in October 2013 to make finance markets work better for smaller businesses in the UK • supported £660 million of lending and investment to smaller businesses during 2013, a 73% increase over 2012 • over the next 5 years together with the private sector to unlock up to £10 billion additional finance and to increase competition • Business Finance Partnership - £1.2bn stimulating non-bank finance sources • Green Investment Bank created in 2012 as the world’s first investment bank dedicated to greening the economy with £3.8 bn funding available - Green Investment Bank.

  8. Industrial Strategy Procurement Getting the most out of procurement, supporting supply chains • updated procurement pipelines published covering 19 sectors and contract opportunities are worth £175bn. • simpler public-procurement: abolishing Pre-Qualification Questionnaires (PQQs) for low-value contracts; helping suppliers to find contract opportunities via a single online portal; mandating prompt payment down the supply chain. • opening up more Government contracts to SMEs with ambition that 25% of Government’s spend goes to SMEs by 2015. • working with business to assess the strategic capabilities required in the supply chain

  9. Aerospace (March 2013) Aim: Maintain existing UK market share; secure UK employment Offshore wind(August 2013) Aim: Build competitive and innovative UK supply chain Construction(July 21013) Aim: make the UK the global leader in sustainable construction Nuclear (March 2013) Aim: Grow the global market share; set out role that nuclear plays in UK energy mix Information Economy (June 2013) Aim: to seize the opportunities from new ICT technology Professional Business Services(July 2013) Aim: make the UK the global hub of expertise Oil and Gas (March 2013) Aim: Increase inward investment in energy supply chain Agri-tech(July 2013) Aim: increase inward investment and exports Automotive(July 2013) Aim: Investment in R&D; grow and develop UK supply chain Life Science Strategy (Dec 2011) and one year on update (Dec 2012) Aim: To make the UK the global hub for life sciences Education(July 2013) Aim: Increase the UK's education exports Industrial Strategy Sectors Published

  10. Industrial Strategy Other sector strategies, including in technology areas • Strategies led and published by the sectors themselves: • Electronics • Chemicals • Robotics and Autonomous Systems strategy launched on 1 July • Updated Composites strategy due for October publication • Rail Supply Group set up • Metals Strategy work now starting • Potential similar work on plastics and engineering

  11. Industrial Strategy BIS expectations • Metals strategy needs to look to the future – where does the sector need to be in 5, 10, 15 years and what does it need to do to position itself accordingly • Be ambitious and raise the bar, also think about delivery and maintaining momentum • Should not just be a list of asks of government but what you can and will do for yourselves – could include collaborative R&D (products and processes), strengthening supply chains, commitments to take on more apprentices, further/better working with other sector groups eg auto, aero, construction. • Identify the critical gaps where further support may be needed and what role the Government might play • Utilise existing support mechanisms where appropriate: • HVM Catapult, RGF, AMSCI, EOF and Apprenticeship funding, Innovate UK (TSB) collaborative R&D, MAS, Reshore UK , UKTI Exports (TAP) - recognising that many of these are competitions • Opportunity to engage increasing number of companies from within the sub sectors – need to address needs of SMES as well as the larger companies

  12. Industrial Strategy Our contact details Brian Greenwood Deputy Head, Materials & Engineering 020 7215 1298 brian.greenwood@bis.gsi.gov.uk Dominic James Assistant Director, Materials 0207 2158432 dominic.james@bis.gsi.gov.uk

More Related