Labour ‘would back strategy’

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A Labour Government would build on the Coalition’s emerging industrial strategy to give firms the confidence to invest, the Global Manufacturing Festival in Sheffield heard yesterday.

Chuka Umunna, the shadow secretary of state for business said they would build on the Government’s 11 sector strategies “where they were working and valued by industry.”

And he would look to develop them so they had a real impact all through industry, he added.

He told an audience at the AMRC Training Centre: “Industrial strategy can’t just be a side project of the BIS department. To be effective, it must be an animating mission for the whole of government.

The next Labour Government would continue with the Automotive Council and the Partnership for Growth and Aerospace Industrial Strategy, he added.

“There are other sectors where the strategies have made some progress, but need some more momentum behind them. My message to you, and across all the other sector strategies, is this: continuity in industrial strategy wherever possible. Change only where necessary.”