The Prime Minister will unveil a new industrial strategy on Monday designed to boost the post-Brexit UK economy and make it easier for companies to do business in the UK.
The strategy pledges to develop new technologies across the country which will “back Britain for the long term”.
Digital industries such as energy, broadband and 5G mobile technology will be developed and improved in a bid to “align central government infrastructure investment with local growth priorities”.
The 10-point plan involves:
- Investing in science, research and innovation
- Developing skills
- Upgrading infrastructure
- Supporting business to start and grow
- Improving government procurement
- Encouraging trade and inward investment
- Delivering affordable energy and clean growth
- Cultivating world-leading sectors
- Driving growth across the whole country
- Creating the right institutions to bring together sectors and places
Greg Clark, the Secretary of State for Business, Energy and Industrial Strategy, said: “This is an important step in building a modern, dynamic industrial strategy that will improve living standards and drive economic growth across the whole country.
“A modern British industrial strategy must build on the UK’s strengths and extend excellence into the future; close the gap between the the UK’s most productive companies, industries, places and people and the rest; and ensure we are one of the most competitive places in the world to start and grow a business.”
Downing Street also added that the £4.7billion fund to pay for research and development into smart energy technologies, robotics, artificial intelligence and 5G mobile network technology is a bigger increase that in any Parliament since 1979.