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<p>In January 2017 we launched our Industrial Strategy Green Paper, ‘Building our
Industrial Strategy’.</p><p>The objective of our modern Industrial Strategy is to
improve living standards and drive economic growth by increasing productivity and
making sure that growth is spread across the whole country.</p><p>We have set up a
£23 billion National Productivity Investment Fund to drive improved productivity across
the country; including a £4.7bn increase in investment for science, research and innovation
– the biggest increase in any Parliament in almost 40 years.</p><p>We are also supporting
a new private sector initiative led by Sir Charlie Mayfield with up to £13 million
grant funding over three years to raise business awareness of productivity and to
provide practical tools to businesses to improve productivity.</p>
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