Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Report pushes for 'strong industrial strategy'

Brexit

Robust industrial strategy will benefit the economy and help the country respond to challenges posed by Brexit, according to a report published by Balfour Beatty.

The paper, called The Industrial Strategy – a Vision for Growth, highlights Balfour Beatty’s approval of the government’s focus on industry.

It states: “Balfour Beatty supports the government’s renewed focus on a long-term industrial strategy and the decision to create, in the new Department for Business, Energy and Industrial Strategy (BEIS), a government department with the industrial strategy at the heart of its activities.

“We believe that, designed correctly, a strong industrial strategy can contribute to increasing economic growth and resilience, alongside a more balanced society.”

However, it warns against too much government intervention in propping up inefficient industries, which could harm the economy in the long term.

The paper’s recommendations for an effective strategy include supporting the engineering and construction sectors to boost employment and modernise the UK’s infrastructure, as well as addressing the skills shortage.

It also states the government strategy should “seek to establish stability and certainty in the political and policy landscape” in the wake of the Brexit vote.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Please note comments made online may also be published in the print edition of New Civil Engineer. Links may be included in your comments but HTML is not permitted.