Innovation is the number one priority of the industrial strategy. It also wants to boost skills, infrastructure, growth and exports. The advanced urban services sector – in which the UK has the potential to be a world leader – delivers across all these pillars.
Read our response.
Future Cities Catapult welcomes the Green Paper ‘Building our Industrial Strategy’. It places innovation at the heart of our future economic success, builds on excellence, and aims to drive future growth across the whole country.
We look forward to helping deliver the strategy as part of our work, building on the Catapult family mission to drive innovation in the UK economy by closing the gap between concept and commercialisation. The Catapults are internationally-recognised centres of excellence, delivering innovation in fields including life sciences, manufacturing, space and smart cities.
Future Cities Catapult is already delivering on a number of the Industrial Strategy’s ‘pillars’ – from commercializing research and making infrastructure smarter, to growing UK start-ups and supporting export growth.
We develop and test cutting-edge urban technologies, business models and services, and gather evidence and insight so that we can help shape innovations to solve city problems as effectively as possible. Then, through demonstrating performance, we help businesses and academics push their products to the market faster than ever.
We work with cities across the UK – including Belfast, Glasgow, Birmingham, Bristol and Manchester – to help them improve productivity, enhance wellbeing and benefit from the opportunities from new technologies. We will continue to deliver this place-based innovation thought partnerships across the country.
Positioning UK firms for international potential is a key part of what we do, opening export opportunities in the $40 trillion of global investment required in city infrastructure over the next 20 years. The more narrowly defined ‘smart cities’ market, spanning energy, mobility, buildings, healthcare and infrastructure, is estimated will be worth $3.5 trillion per annum by 2026.
Seizing future cities opportunities should be a priority for the additional £4.7 billion investment in R&D by 2020-21 announced in the Autumn Statement. This will not only help grow UK businesses, but can also help cities across the country to be more efficient and productive by making infrastructure and services smarter.
Keith Clarke, CBE, Chair of Future Cities Catapult said: “It’s great to have all the crucial elements drawn together in one strategy. This positions the UK well for the future, and our Catapult is well prepared to play an important part in realizing the ambition.”
The Government is inviting all businesses, whatever the size, across all sectors, to share their views on the approach to building a modern Industrial Strategy. Responses can be made here or by email or in writing, and the consultation ends at 11:45pm on 17 April 2017.