Sir John Parker GBE FREng, President of the Royal Academy of Engineering, gave a speech at the Foundation for Science and Technology setting out his views on delivering a modern industrial strategy for economic growth.
In a wide-ranging talk, he looked at the need for clear signals from government on industrial policy and, crucially, stability and alignment of government policy to give companies confidence to invest. Innovation and support for new ideas was also essential, as was the growth of our skills base, he said. Sir John also spoke about the importance of large companies in acting as traction engines to pull through long supply chains and the need to grow new companies, especially in emerging sectors.
Sir John joined a formidable panel including Professor Alan Hughes, Director of the Centre for Business Research at the Judge Institute, University of Cambridge, Rhian Kelly, Director for Business Environment at the CBI, John Alty, Acting Director General, Knowledge and Innovation at the Department for Business, Innovation and Skills and the Rt Hon David Willetts MP, Minister for Universities and Science..
Sir John said: “The UK finds itself in a challenging situation. Our economy, like many others, has stalled. We have not yet established a clear path towards recovery. This, despite our enormous strengths: we are a technocratic nation with world-class engineering and science capability. That is why we must commit to a modern industrial strategy: we must harness these strengths for a new industrial future.”
Notes for editors
Founded in 1976, The Royal Academy of Engineering promotes the engineering and technological welfare of the country. Our fellowship – comprising the UK’s most eminent engineers – provides the leadership and expertise for our activities, which focus on the relationships between engineering, technology, and the quality of life. As a national academy, we provide independent and impartial advice to Government; work to secure the next generation of engineers; and provide a voice for Britain’s engineering community
For more information please contact
Jane Sutton at the Royal Academy of Engineering Tel. 020 7766 0655; email: Jane Sutton