How can policies aimed at inward investment promotion be aligned with the wider set of policy levers, such as investment incentives, investment strategy zones, investible sites, local support for skills and innovation and transport policies to capture the agglomeration effects?
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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Maximising the benefits of inward investment - how best to target limited funds
This project is based around a set of key users. These users have committed significant resources in terms of time and staffing to the project, recognising the importance of this project for their wider objectives. The f...
Funded by: ESRC
Lead research organisation: Aston University
Why might this be relevant?
This project specifically addresses the alignment of policies for inward investment promotion and maximizing benefits with limited funds.
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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?
While the project focuses on technology foresight in manufacturing regions, it partially addresses the question by discussing the importance of identifying emergent technologies for growth and competitiveness.