How can industrial policy support the attraction of high quality, transformational FDI to boost productivity in the nations and regions of the UK?
Background
The Industrial Strategy aims to spur national productivity growth, strengthen the UK’s economic security and resilience, and support the UK’s environmental and net zero transition. It aims to achieve this by increasing business investment in capital and innovation, attracting foreign investment, and increasing business dynamism in the IS-8 sectors.
These sectors contain the UK’s frontier industries that sit at the leading edge of innovation and have the greatest potential for future competitiveness and technological development. By prioritising these frontier industries, the strategy targets the parts of the economy most capable of driving innovation and supporting major transitions such as AI adoption and net zero.
Next steps
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Research fields
Related UKRI funded projects
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Regional Technology Foresight
Over the last decades manufacturing in UK regions has been exposed to intense global competition, particularly as a consequence of trade liberalisation. At the same time, there is an increasing recognition that regions p...
Funded by: ESRC
Lead research organisation: University of Sheffield
Why might this be relevant?
Partially relevant as it focuses on technology foresight in manufacturing regions, not specifically on attracting FDI.
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Manufacturing renaissance in industrial regions? Investigating the potential of advanced manufacturing for sectoral and spatial rebalancing.
The recession from 2008, and the persistent sectoral and spatial imbalances in the recovery, have provoked political calls to 'rebalance' the economy. According to Government representatives, Britain needs to 'reindustri...
Funded by: ESRC
Lead research organisation: University of Southampton
Why might this be relevant?
Partially relevant as it investigates the potential of advanced manufacturing for sectoral and spatial rebalancing, not directly addressing FDI attraction.
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From productivity to prosperity: Inclusive growth for the West Midlands
We will bring together academics working across disciplines to focus on the cross-cutting themes of skills, management, investment, regional supply chains, innovation and enterprise, to address the main issues around pro...
Funded by: ESRC
Lead research organisation: University of Warwick
Why might this be relevant?
Not relevant as it focuses on inclusive growth and productivity in the West Midlands, not specifically on FDI attraction.