29.03.2018

Industrial Strategy Bulletin

Cambridge Cleantech was involved in responding to the original consultation for the Industrial Strategy White Paper last year. Here's an update on progress related to the Strategy since November:
  • Agreeing a Life Sciences Sector Deal with a £1.2bn investment from Merck, creating nearly 1,000 high skilled jobs;
  • Publishing an Automotive Sector Deal alongside our £246m investment in the Faraday Battery Challenge;
  • Announcing Wave 2 of the Industrial Strategy Challenge Fund, including £200m to support early diagnosis and precision medicine programmes;
  • Launching expressions of interest for wave 3 of the Challenge Fund, due by 18th April;
  • Announcing the £100m Ernest Rutherford Fund to attract highly skilled researchers to the UK;
  • Setting out the six local authorities which the initial £840m of the Transforming Cities Fund will support;
  • Seeing areas across the UK start to develop local Industrial Strategies, with Greater Manchester and West Midlands leading the way;
  • Making the first allocations of the £190 million local full fibre challenge fund and announced £25m for six 5G testbeds across the UK;
Working with businesses and academics to develop our four 'Grand Challenges' – in Artificial Intelligence and Big Data; Clean Growth; the future of mobility; and meeting the needs of an ageing society – to put the UK at the forefront of the industries of the future, create new jobs and have a positive impact on people’s lives.