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.
The Oxfordshire Local Industrial Strategy (LIS) will provide an ambitious, long-term vision for economic growth between now and 2040. It provides a business-led framework detailing how Oxfordshire can realise our full potential by raising productivity and commercialisation of our unique innovation assets.
Through our LIS, 'UK PLC' can capatalise on Oxfordshire's genuine global assets, because it:
- Can provide a framework for delivery and investment for ‘UK PLC’
- Will avoid ‘more of the same’, nurturing radical and transformational ideas
- Will maximise and connect strategic assets and capabilities
- Can clearly define and position Oxfordshire’s leadership role in the UK economy
- Provides the momentum and direction for the ‘Oxford–Cambridge Arc’
Our LIS will build-on the current Oxfordshire Strategic Economic Plan (SEP) and provides a framework to guide Government, public and private sector investment decisions – including the UK Shared Prosperity Fund, Sector Deals, Industrial Strategy Challenge Funding and other financing tools – to be used to deliver a strategy.
Through the county's Housing and Growth Deal, led by the Oxfordshire Growth Board, the Government continues to reaffirms its commitment to work with OxLEP and its stakeholders to develop the LIS.
Our ambition for the Local Industrial Strategy is to position Oxfordshire 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.
The UK Industrial Strategy
Our Local Industrial Strategy directly responds to the UK Industrial Strategy, launched by Government in November 2017. Its aim is to increase growth and productivity across the UK and create more prosperous communities.
That strategy is based on five ‘Foundations’ and four ‘Grand Challenges’ that the Government hopes to address.
The five foundations:
- Business environment
The four Grand Challenges:
- Artificial Intelligence and data
- Ageing society
- Clean growth
- Future of mobility
As a Local Enterprise Partnership, we are each answering Government’s challenge through our Local Industrial Strategy.
Local Industrial Strategy documents
Technical negotiating draft document - The Oxfordshire Local Strategy:
Submitted to Government on 21 December 2018
Summary document: 'Oxfordshire Local Industrial Strategy - a trailblazer for the UK economy':
This summary document outlines the ambition for the LIS, the opportunities that could emerge through it and how it can answer the challenge set by central Government.