The Industrial Strategy is also offering what it calls “Sector Deals”. Partnerships between Government and groups of industries and businesses focussed on specific industrial sectors such as Nuclear Power.
To unlock Government money here are the sort of things Government will require (page 210):
“Deal proposals should have a demonstrable and analytically rigorous impact on the productivity and earning power of the sector.
We expect credible analysis of the impact of any proposals to accompany each specific proposal showing expected increase in GVA, employment or increases in skilled workers, exports or specific investments (including foreign direct investment) resulting from the deal. Tangible commitments are likely to be the most convincing.
Sector Deal proposals need to be realistic and achievable. We are looking for evidence that industry commitments can be delivered and that clear governance arrangements will be set up. Any arrangements should be proportionate to the scale of ambition of the deal itself and designed to ensure commitments will endure. To be credible, deal proposals should include specific delivery plans covering each component of the proposal.”
Demonstrable and analytically rigorous impact on productivity; credible analysis; tangible commitments; realistic and achievable proposals; clear governance: specific delivery plans …
HotSW, our LEP, is going to have to up its game or we shall lose out on each and every one of these.