The UK's Strategy for economic growth, its Grand Challenges, and a collaborative approach from local government on research funding.
The Industrial Strategy: building a Britain fit for the future sets out how we as Higher Education Institutions (HEIs) will help businesses create a more prosperous country, through innovation, infrastructure investment and improving the skill of our future workforce.
Universities play a key role in each of the five pillars of the strategy:
- Ideas - the Industrial Strategy sets out the ambition for the UK to be the world’s most innovative economy by 2030
- People - as the Industrial Strategy states, of the around 1.8 million jobs which will be created between 2014-2024, 70% of them will be in occupations which will need graduates
- Infrastructure - as core regional stakeholders, universities are well placed to help identify where investment in digital and physical infrastructure could have most impact
- Business Environment - the Industrial Strategy aims to make Britain the best place to start and grow a business, and a global draw for innovators
- Places - engaging universities across the whole of the UK as employers, knowledge producers and innovation collaborators within and between their regional economies
Industries play an equally important role. The first phase of the industrial strategy involved the creation of Industry Sector Deals. These outline the partnership roles that government and industry will undertake on sector-specific issues. The University of Bath’s strengths map well to our regional strength in Aerospace, Creative Industries and Automotive – all having sector deals.
The Industrial Strategy sets out Grand Challenges for educators, researchers and businesses to put the UK at the forefront of the industries of the future. This ensures that the UK takes advantage of major global changes, improving people’s lives and the country’s productivity.
Grand Challenges are focused on the global trends that will positively transform the UK's future in the following ways:
- Artificial Intelligence and Data Economy - we will put the UK at the forefront of the artificial intelligence and data revolution
- Future of Mobility - we will become a world leader in the way people, goods and services move
- Clean Growth- we will maximise the advantages for UK industry from the global shift to clean growth
- Ageing Society - we will harness the power of innovation to help meet the needs of an ageing society
The Department of Business, Energy and Industrial Strategy set missions for each grand challenge. This provides us with an indicator of the scale of ambition in each area, with national competitive funding for research that targets this ambition.
The government's Industrial Strategy Challenge Fund ensures that research and innovation is central to the Industrial Strategy. The Fund brings together the UK’s world-leading research with business to meet the major industrial and societal challenges of our time and will focus on delivering solutions to the Grand Challenges.
You can also search for ISCF opportunities and news through Research Professional.
Local Industrial Strategy
The second phase of the National Industrial Strategy is the creation of the Local Industrial Strategies. These are led by Mayoral Combined Authorities and Local Enterprise Partnerships (LEPs), coordinating local economic policy and national funding streams. They also establish new ways of working between national and local government, and the public and private sectors.
Future funding for research, aligned with the industrial strategy, will be devolved to regional authorities and aligned with their Local Industrial Strategy. The University of Bath’s regional authority is the West of England Combined Authority (WECA).
WECA was included in the second wave of regional authorities chosen to develop a Local Industrial Strategy in July 2018, this will be launched in July 2019. The first wave was announced in November 2017 and the deadline for publication is March 2019.
Along with and the Local Enterprise Partnership (LEP) and regional Universities, WECA is currently developing a Local Industrial Strategy which will deliver on our region’s ambition to be a driving force for clean and inclusive growth. The business community is also engaged to ensure that the strategy reflects the views and priorities of businesses.
The strategy is based on evidence collected from many partners and an update on our progress will be published online by March 2019.
The latest news from WECA published 23 January 2019:
The West of England Combined Authority (WECA) will discuss long-term plans for £580m in investment at its next meeting. Proposals to invest £580 million over the next 20 years to support clean and inclusive economic growth across the region are set out in a report to the meeting, which will be held at Bristol City Hall at 10.30am on Friday 1 February. Further information.
The most recent event was An Industrial Strategy for the UK: what now?. This was jointly organised by Future Economies and the IPR, supported by the British Academy, seeking to discuss the status of the UK industrial strategy.
- Date: Monday 21 January 2019
- Time: 15:30 to 18:30
- Location: University of Bath in London
Future events will be posted here.
Contact the Industrial Partnership Managers for any support regarding the Industrial Strategy. They help academic staff build relationships with industry partners, apply for funding and manage projects in support of internal and external strategies.
Helen Jones is Head of Research Grant Development, Industrial Strategy.