5 Foundations: to boost productivity and earning power across the country for a transformed economy:

  • Ideas: the world’s most innovative economy
    • R&D to 2.4% of GDP by 2027
  • People: good jobs and greater earning power for all
    • Technical education through T Levels & delivering 3 million apprenticeship starts by 2020 and supporting re-skilling
    • In transport with electric vehicles and digital infrastructure with full-fibre broadband, 5G networks to connect the country
    • To roll out Sector Deals in life sciences, construction, AI and automotive and provide financial support in the British Business Bank of £2.5bn.
  • Places: prosperous communities across the UK.
    • Reduce the regional disparities in productivity through Local Industrial Strategies and Transforming Cities fund.

WATCH: (14sec video) https://www.youtube.com/watch?v=kNUFJef2mRU

 

TO LEARN MORE: (the full UKGov white paper) click below.