The Necessity of a Government Industrial Strategy according to Rugby Businesses

The recent Rugby Local Business Forum, hosted by the Coventry and Warwickshire Chamber of Commerce at Valiant Serviced Offices, featured a discussion on the importance of a government industrial strategy. The attendees were addressed by Rugby MP Mark Pawsey, who emphasized the potential for growth in the town and the surrounding borough through the exploration of new markets both domestically and internationally.

Mr. Pawsey expressed his desire for the next Government to make a firm commitment to an industrial strategy. He highlighted the need for businesses to have a clear direction to invest in and acquire the necessary skills. As a member of the Energy Security and Net Zero Select Committee, he acknowledged the significant ongoing efforts in updating the UK’s energy system. Additionally, in his role on the Business & Trade Committee, he emphasized the untapped potential for UK companies in overseas markets, particularly in the wake of Brexit.

Karen Shuter, the chair of the Rugby Local Business Forum, echoed Mr. Pawsey’s sentiments, stressing the importance of an industrial strategy for businesses to make informed investments in skills and technology. She also emphasized the need for more businesses to engage in international trade, noting its crucial role in driving economic growth.

The Coventry and Warwickshire Chamber of Commerce expressed gratitude to Mr. Pawsey for his continued engagement with the business community and encouraged other companies in the borough to participate in the Rugby Local Business Forum to stay informed and engaged.

For further information on Local Business Forums in Coventry and Warwickshire, businesses are advised to contact Sean Rose at [email protected].

In conclusion, the call for a government industrial strategy has been voiced by Rugby businesses and echoed by their local representatives. The clear consensus is that such a strategy would provide businesses with the direction, knowledge, and certainty they need to invest in skills, technology, and international trade, ultimately contributing to the economic growth of the region.