The industrial strategy green paper sets out Sector Deals as a new concept. Under this approach, instead of government researching and prioritising sectors (and being accused of 'picking winners'), sectors instead are asked to come together themselves and set out their ambition to win on their own terms. There is scope for good sector Deals to make a significant difference in the fortunes of UK businesses and the wider economy. However, to ensure this, the Government needs to provide clarity on the Sector Deals process to enable businesses to engage.
This paper sets out what is required in guidance from government and includes some initial steps that sectors themselves should be taking in preparation for a Deal.
Download the policy paper here