The UK government is planning to make affordable energy and clean growth one of 10 pillars of its modern industrial strategy for the country.
Ahead of the release of the details in a green paper later this afternoon, the government said the plan aims to keep energy costs down for businesses and secure economic benefits from the transition to a low-carbon economy.
The green paper will be launched during Prime Minister Theresa May’s first regional cabinet meeting in the north west today and include proposals to address “sector-specific challenges and opportunities” through so-called ‘sector deals’ with industry.
“As part of the deals, government will be prepared to offer a range of support, including addressing regulatory barriers to innovation and growth, looking at how we can use trade and investment deals to increase exports, or supporting the creation of new institutions to provide leadership, support innovation or boost skills,” the government said.
BEIS Secretary Greg Clark will also make a statement in the House of Commons on the paper later today.
Image: Prime Minister Theresa May (UK Home Office/Wikimedia Commons)
UK eyes clean growth benefits
Affordable energy also part of industrial strategy to be unveiled later today
By EBS