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Government reveals plan to make UK most innovative

GMB leader Tim Roache
GMB leader Tim Roache

The UK Government has unveiled plans aimed at making the UK the world’s most innovative nation by 2030 by investing £725million to “transform” industries.

The money includes £170million towards building houses that are more affordable and use less energy, and £210million to improve early diagnosis of illnesses and development of “precision medicine” for patients.

The measures are part of the Industrial Strategy, which sets out the government’s long-term vision on how to tackle the UK’s poor productivity, embrace technological change and boost wages.

The £725million will go into a fund over the next three years – on top of previously announced £1billion towards projects, although ministers said around £80billion could be invested in advanced technology in the next decade.

The government aims to press ahead with so-called sector deals covering life sciences, construction, artificial intelligence and automotive. Ministers said they represented a new strategic and long-term partnership with government, backed by private sector co-investment.

Business groups welcomed the Industrial Strategy but unions and opposition parties attacked it, with one official branding it a “joke”.

GMB union leader Tim Roache said: “To suggest what we need are ‘new business models’ in care as part of an industrial strategy is an unfunny joke from a government that just doesn’t get it.”

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