Earlier this week the prime minister Theresa May unveiled a new Industrial Strategy designed to bolster the UK’s economy and strengthen it across the board.
Under the proposals, funding will be provided to support industries that are considered strengths for the country. The strategy includes a boost to research and development activities in sectors such as robotics and artificial intelligence and smart energy technologies.
Among the industries that have been working with the government on the strategy are life sciences, manufacturing, nuclear and those focused on ultra-low emissions vehicles.
PharmaTimes reported that the announcement was well received by the life sciences industry.
KPMG global lead for life sciences Chris Stirling commented that the funding and additional support “will focus on encouraging companies, particularly smaller businesses, to be more innovative and to make better use of technology developments including artificial intelligence and robotics”.
Steve Bates, chief executive of the Bioindustry Association, was also positive about the role life sciences will play in the UK’s growth plans going forward.
Skills development is another key part of this new strategy, with the STEM (science, technology, engineering and maths) a particular focus at every level of education.
The government pointed out that the approach it is taking to develop these sectors will follow a similar pattern to how it already works with the aerospace and automotive industries, citing the Aerospace Growth Partnership as a particular success story.
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