The Grand Challenges
The Government's Industrial Strategy White Paper sets out how Britain can best benefit from new technologies that are transforming societies across the world. Its strategy is based on the Five Foundations of Productivity: innovation, people, infrastructure, places and the business environment. It also sets out four areas where the UK could lead the global technological revolution. These four Grand Challenges are:
- AI and Data Economy: putting the UK at the forefront of the artificial intelligence data revolution;
- Clean Energy: maximising the advantages for UK industry from the global shift to clean growth;
- Future of Mobility: becoming a world leader in the way people, goods and services move;
- Ageing Society: harnessing the power of innovation to help meet the needs of an ageing society.
The Grand Challenges are strongly future-facing. They are developments in technology that will transform industries and societies around the world and in which the UK could play a leading role.
What are Local Industrial Strategies?
Local Enterprise Partnerships have been tasked with developing Local Industrial Strategies to help create more prosperous communities and tackle the vast regional and local disparities that exist across the UK. A Local Industrial Strategy (LIS) should bring together a strong, well-informed evidence base about an area’s economy and outline a long-term set of priorities that capitalise on existing opportunities in the economy, address weaknesses and resolve an area’s needs.
Here in Hertfordshire, a lot of the groundwork has been done already thanks to our Strategic Economic Plan. Now we must gather evidence in relation to the Grand Challenges and what the consequences are for future productivity and performance.Read more about our approach to the Grand Challenges in Hertfordshire
To that end, we have set up a Grand Challenge Commission to understand how the Grand Challenges might affect us. We will be hosting a series of industry-led debates to gather evidence in relation to the wider consequences for future productivity and performance. This robust business-led approach will help us to develop a Local Industrial Strategy to be agreed with Government.
Our Annual Conference on 29 March kick-started the process when we outlined the role of the Commission and how it is vital that we work in partnership with our businesses, research institutions and other private and public stakeholders to develop a strategy for future generations.View the Annual Conference presentation slides
How can you get involved?
We need your input to make the Local Industrial Strategy a success. Join the conversation on Twitter using #HertsForGrowth and complete a short survey to let us know how the Grand Challenges affect your organisation:Please complete a short survey (4 questions)