31 October 2024
Whilst (at the time of writing) industry is holding its breath in anticipation of Labour’s first Budget on 30 October and likely tax increases, the Government has launched a consultation on Invest 2035, a 10-year plan focused on the UK’s growth sectors, which crucially aims to deliver the certainty and stability businesses need to invest. Its development could bring opportunities for the marine industry and this Green Paper is widely viewed as being a ‘sound start’ to developing a modern industrial strategy.
By listening to businesses, the Government plans to bring forward coordinated sector-specific and cross-cutting policies to support businesses to overcome barriers. It will identify effective levers to aid the UK's growth sectors, including interventions in regard to people and skills, energy and infrastructure, the regulatory environment and international trade.
To help inform British Marine’s response to Invest 2035, please consider the questions posed and email your views to no later than Monday 18 November.
Note, this is an important opportunity to help inform the Government’s industrial strategy which will be published in Spring 2025.