Expert comment from Simon Webb, Chief Technology Officer, at WMG at the University of Warwick 

"The announcements in the King’s Speech of a new industrial strategy, supported by a revived Industrial Strategy Council and devolved local growth plans, demonstrate a welcome commitment to growing the UK economy through long-term innovation, increased infrastructure delivery and building economic opportunity across the whole country.

"The support for 'sustainable growth by encouraging investment in industry, skills and new technologies' will be vital for UK economic success in key areas such as the decarbonisation of future transport and advanced manufacturing.

"As it looks to develop the Industrial Strategy, the government will need to consider the current needs of businesses and address their real world challenges. This is particularly important for SMEs and microbusinesses who may need additional support to improve their productivity and sustainability.  The announcement of local growth plans and an Industrial Strategy Council are welcome steps to engaging with business on these issues.

"At WMG, we look forward to working with government and our industry partners to help deliver on these vital missions."