FINANCE

Planning beyond the political cycle

Local areas must be given more autonomy to invest for the future, writes Louise Sunderland.

The Government's industrial strategy provides an exciting opportunity to recalibrate the British economy. However, success will be dependent on how the policy translates from Whitehall to a local level.

The industrial strategy white paper emphasises the need to support growth and increased productivity across the country. The approach is encouraging and recognises the need for a tailored and bespoke approach to economic policy. Despite this, there was little direction on how the plans should be received and responded to on a local level - whether by region, devolved administration, local enterprise partnership, group of local businesses or public services, to name a few possible models. 

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