Industrial strategy requires greater focus on green growth opportunities

24th October 2012

Speaking at the TUC Conference "Green is Good for Growth" with a keynote speech from Vince Cable, Peter Young, Chairman of the Aldersgate Group, argued that the Government's plans for an industrial strategy should be enhanced. 

He stated that: "Vince Cable said the new industrial strategies must deliver 'an enduring commitment far beyond a 5 year Parliament or spending review’ but the mechanisms to make that long term aspiration stick are still lacking. The GIB, and publishing future procurement pipelines, help but more certainty for business investment is needed.

Whilst the green economy is growing and providing much needed trade surpluses, the question is whether this is because of, or in spite of, current government policies? From an international perspective the UK has earnt a strong reputation for enabling policies such as the Climate Change Act. But now we are being called to deliver on action; our performance is equivocal and lowering our attractiveness to international investors."