To harness university capabilities to help deliver growth across the UK, we recommend government pursues an Industrial Strategy which:

• Strikes a balance between mission and sector-based strategy to maximise impact across the whole economy while giving businesses in key industries confidence to invest in the UK.
• Thinks for the long term to deliver a thriving economy into the 2030s as well as short-term growth.
• Supports new public-private partnerships by investing in infrastructure, supporting discovery research and cutting red tape to make it easier to scale new regional innovation clusters.
• Introduces formal mechanisms to use university sector and academic expertise to develop and deliver the Industrial Strategy.