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Chambers: Industrial Strategy Must Have Clear Mission and Unlock Potential of Places

Commenting on the BEIS Committee’s report on Industrial Strategy published today (Friday), Dr Adam Marshall, Director General of the British Chambers of Commerce, said: “A clear, ambitious mission – and the untapped potential of our towns, cities and counties – need to sit at the heart of the Industrial Strategy.

“We need to decide our top economic and social goals as a nation, and develop a strategy that allows us to deliver these missions. At the same time, we must galvanise business communities all across the UK,  so every area can leverage its competitive strengths and make a strong contribution to economic growth and prosperity.

“I applaud the BEIS Committee for recognising that mission and place are crucial to the success of Industrial Strategy. Business communities across the UK will now wish to see government adopt many of these recommendations as it works to bring the industrial strategy to life.”

On the Committee’s recommendation of a fundamental review of Business Rates, where the BCC has been campaigning for radical change, Marshall added: “Business rates hammer firms with significant, volatile, up-front costs before they turn over a single pound. They are a barrier to achieving an ambitious Industrial Strategy, because they stop many firms from investing in their own productivity and growth. The Committee’s recommendation of a fundamental review of the business rates system is one we have made for years – and it’s time for action.”

Corin Crane, Chief Executive of the Black Country Chamber of Commerce, said: “A robust and innovative Industrial Strategy will be an essential component for a successful post-Brexit UK, but it will need to be built on the growth needs of the world class clusters of businesses at a regional level and deal with the eccentricities of local economies.

“One key thing we are championing is intelligent manufacturing. As a region, the Black Country has a vast amount of manufacturing companies that are striving in their field, but we need to look to the future. The next phase of manufacturing is already occurring now and we need to be supporting this new innovative industry to drive growth in the economy.”

Furthermore, the Black Country Chamber of Commerce will be running a business consultation event on Friday 17th March to better understand how the industrial strategy can support regional development.

To book your place on the event please click here. Alternatively, you can contact the Black Country Chamber events team on 01902 912305 or email This email address is being protected from spambots. You need JavaScript enabled to view it..

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