The CBI is urging the UK government to leverage the upcoming Spending Review as an opportunity to integrate its Growth Mission into government operations. Their proposal, shaped by input from numerous stakeholders, emphasizes substantial policy changes, including ambitious R&D spending goals, a commitment to infrastructure investment, and modern financing models to foster public-private partnerships. Additionally, they advocate for enhancing apprenticeship flexibility and funding to address pressing skills shortages, while also extending initiatives like the Industrial Energy Transformation Fund for industrial decarbonisation.
The CBI urges the government to use June's Spending Review as a pivotal moment to embed economic growth strategies throughout Whitehall.
By setting bold goals for R&D investment and infrastructure, the CBI aims to enhance both domestic and foreign investments in the UK economy.
Emphasizing flexible Apprenticeship Levy and adequately funding skills training for SMEs is crucial for addressing urgent skill needs.
The extension of the Industrial Energy Transformation Fund will empower high-energy businesses to progress further towards industrial decarbonisation.
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