Greg Hands MP welcomes new modern Industrial Strategy which will support business growth and create more high-skilled, highly-paid jobs for London

Member of Parliament for Chelsea & Fulham, Greg Hands, has welcomed a green paper on a new modern Industrial Strategy which will support businesses in London to grow and create more high skilled, high paid jobs for local people.
 
The Industrial Strategy will ensure that everyone in London can benefit from success through ten ‘pillars’ – including investing in science, research and innovation, and upgrading infrastructure – that underpin a new approach and will identify all of the new opportunities across our economy. This strategy will create the conditions where the winners can emerge and grow in different types of business across London.
 
The modern Industrial Strategy will benefit London and the South East and proposes:

  • Making Britain a global leader in free trade, so companies such as Google and Facebook continue to invest in our great capital city.
  • Growing our strengths in particular sectors and technologies, such as 5G mobile network technology in the South East of England.
  • Cultivating our world-leading sectors, such as London’s creative industry, by considering how we can use and develop new technology, capitalise on intellectual property rights, and grow talent pipelines.
  • Supporting key road investments, including the Lower Thames Crossing, where the Government will consider the findings of the consultation and take a decision on the location, route and type of crossing in due course.
  • Improving connections for people and businesses through major infrastructure projects, for example through plans for better road and rail connections through the Oxford-Milton Keynes-Cambridge corridor.
  • Making Britain a global leader in free trade, so that businesses in and around the South East can continue to invest and grow.

 
Commenting, Member of Parliament for Chelsea & Fulham, Greg Hands, said: “This is an important step in building a modern, dynamic Industrial Strategy that will deliver more high skilled, high wage jobs and improve living standards and drive economic growth across London and the South East.
 
“Local businesses and workers have the chance to contribute to this vision and submit their views to help us create a high-skilled economy in London where businesses can grow and more jobs are created.
 
“This strategy will ensure we are backing are business in London and the South East and ensure more people share in the benefits of its success.”