Thursday, 24 March 2011
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The Plan for Growth
The Government has set out a radical plan to get the UK economy growing in this year’s Budget. We needed decisive action to rebalance the economy and remove the barriers to private sector-led growth. The Plan for Growth is a significant first step towards that.
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We needed to make tough choices to reverse the debt-fuelled model for growth that has led to the massive economic crisis whose legacy the Government is having to manage. We have already provided the stability the private sector needs by dealing with the deficit and reforming the regulation of the financial system.
Now we are setting out the measures that will turn the economy around. By reducing the burden of red-tape, improving access to finance and investing in apprenticeships and skills, we can make sure that British businesses have the right conditions to grow and thrive.
The Plan for Growth
Our objective is to achieve strong, sustainable and balanced growth that is more evenly shared across the country and between industries. The Plan for Growth, published at Budget, is based around four overarching ambitions for the economy:
1. Creating the most competitive tax system in the G20.
2. Making the UK one of the best places in Europe to start, finance and grow a business.
3. Encouraging investment and exports as a route to a more balanced economy.
4. Creating a more educated workforce that is the most flexible in Europe.
Click here to view Vince Cable talk about the Plan for Growth.
For more detail on the specific steps we are taking to support key areas of the economy, click on the links below:
- Access to Finance
- Competition and Consumer Empowerment
- Corporate Governance
- Low Carbon
- Planning
- Regulation
- Trade and Inward Investment
- Advanced Manufacturing
- Construction
- Digital and Creative Industries
- Healthcare and Life Sciences
- Professional and Business Services
- Retail
- Space
- Tourism
UK Trade & Investment
The Growth Review is closely aligned with UK Trade and Investment’s (UKTI) own strategy, which is scheduled to launch in the coming weeks.
As outlined in the Growth Review paper, UKTI will develop a more entrepreneurial culture which makes better use of private sector expertise and talent with a clear focus on winning business for the UK.
For more information, please refer to the Growth Review paper.
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