- Project plans
- Project activities
- Legislation and standards
- Industry context
- Specialist wikis
Last edited 10 Mar 2021
An industrial strategy is a form of government intervention in the economy. The intention is that government will work with key businesses in a particular sector to help them improve their investment and become more productive by providing them with particular forms of help.
As an industrial policy, it can be seen as being an interventionist approach for a government to take, as it increases the rate of investment and ‘intervenes’ to try to improve productivity, i.e. how efficiently they produce output. As such, the UK had not favoured the concept of an ‘industrial strategy’ since the Labour government of the 1970s. However, when Theresa May took office as Conservative Prime Minister in 2016, the term was reintroduced.
In November 2017, the government published a white paper; Industrial Strategy: building a Britain fit for the future, which set out ‘…a long term plan to boost the productivity and earning power of people throughout the UK’. The aim of the strategy is to make the UK the world’s most innovative nation by 2030.
As one of the sector-specific strategies, the Construction Sector Deal, which was launched at the same time, is a strategic, long-term partnership with government, backed by private sector co-investment. The deal, which the government claim is worth £420 million, is intended to transform construction through the use of innovative technologies, increasing productivity and delivering new homes faster and with less disruption. Described as a ‘bytes and mortar revolution', it promotes the use of digital design and offsite manufacturing to transform construction and provide 1.5 million new homes by 2022. It also supports the Clean Growth Grand Challenge to halve the energy use of new builds by 2030.
In March 2021, the details of the Budget included the shelving of the industrial strategy in favour an ad hoc approach to supporting economic growth. The the council of business chiefs which oversaw the industrial strategy, was also scrapped.
 Related articles on Designing Buildings Wiki
- Budget 2021.
- Building an industrial strategy.
- Building our Industrial Strategy: green paper.
- CIOB responds to Sixth Carbon Budget.
- Conservative conference - industrial strategy.
- Construction 2025.
- Construction Leadership Council.
- Construction Sector Deal launch.
- Core Innovation Hub.
- Digital Built Britain.
- Government construction strategy.
- Government urged to include home energy retrofits in Industrial Strategy.
- Industrial Strategy: building a Britain fit for the future.
- Lords industrial strategy debate.
- Manufacturing Technology Centre.
- Transforming Construction Alliance.
- Transforming infrastructure performance.
- UK Digital Strategy.
Featured articles and news
Years first report shows good product availability and prices.
A guide to the roles, duties and competencies now published.
The medieval stained glass of Herefordshire and Shropshire.
Environment Committee publish open letter to the Mayor.
Significant transformation for built environment landscape.
Setting new benchmarks to help reshape design practice.
Looking back at the Egan Report and its impact.
CLC launch plan to support the natural environment.
Terminology, benefits and barriers.
Electrotechnical businesses are feeling the effects of the economic slowdown.
When did they start and how many are there?
Roadmap to guide professionals in using smart technology.
Campaigning for buildings of all periods.
Meaning, understanding and implementation.
Advancing sustainable and regenerative project management.
Promised to be pragmatic and practical guidance.