Local Industrial Strategy
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- Local Industrial Strategy
Oxfordshire is a globally-renowned county with one of the strongest economies in the UK, with a successful record securing investment to promote growth.
Our ambition for the Oxfordshire Local Industrial Strategy is to position the county as one of the top-three global innovation ecosystems, highlighting our world-leading science and technology cluster and to be a pioneer for the UK and our emerging transformative technologies and sectors.
Why is our Local Industrial Strategy so critical?
We are responding to the Government’s UK Industrial Strategy
Our Local Industrial Strategy directly responds to the UK Industrial Strategy – launched by the Government in November 2017 – which aims to increase growth and productivity across the country and create more prosperous communities.
The UK Industrial Strategy is based on five ‘Foundations’ and four ‘Grand Challenges’ that the Government hopes to address.
The five foundations are:
- Business environment
The four Grand Challenges are:
- Artificial Intelligence and data
- Ageing society
- Clean growth
- Future of mobility
Oxfordshire Local Industrial Strategy documents:
We are creating a highly-ambitious strategy for Oxfordshire that can also be at the forefront of a future globally-facing UK economy
Our Local Industrial Strategy is ambitious and positions Oxfordshire as one of the top-three global innovation ecosystems, highlighting our world-leading science and technology cluster.
Our Local Industrial Strategy is focussed on the long-term, not short-term
Our Local Industrial Strategy will provide an ambitious, long-term vision for economic growth between now and 2040.
Our Local Industrial Strategy is backed by business.
Our Local Industrial Strategy provides a business-led framework, detailing how we can realise our full-potential, raising productivity and commercialisation of our unique innovation assets.
Our Local Industrial Strategy recognises and prioritises local need.
Our Local Industrial Strategy works directly alongside and feeds into other key Oxfordshire strategies, including the Oxfordshire Housing and Growth Deal.
Our Local Industrial Strategy has major significance, nationally and internationally.
We are delivering a trailblazing Local Industrial Strategy for the UK government. Our four transformative technologies – with the potential to add up to £180billion to the UK economy by 2030 – are central to the evolvement of the Local Industrial Strategy.