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1038756
star this property registered interest false more like this
star this property date less than 2019-01-09more like thismore than 2019-01-09
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Department for Business, Energy and Industrial Strategy more like this
unstar this property answering dept id 201 more like this
star this property answering dept short name Business, Energy and Industrial Strategy more like this
star this property answering dept sort name Business, Energy and Industrial Strategy more like this
star this property hansard heading Productivity remove filter
star this property house id 2 more like this
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25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government what steps they are taking to improve labour productivity in the UK. more like this
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Lord Taylor of Warwick more like this
star this property uin HL12721 more like this
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answer
unstar this property is ministerial correction false more like this
unstar this property date of answer remove filter
unstar this property answer text <p>Raising labour productivity is at the heart of the Government’s Modern Industrial Strategy. The strategy aims to improve labour productivity by encouraging innovation, developing high quality jobs, supporting UK businesses and fostering growth in all parts of the UK.</p><p> </p><p>A year into the Industrial Strategy we have made significant progress towards these goals, including:</p><ul><li><strong>Investing substantially in skills </strong>– We are designing a National Retraining Scheme to support adults impacted by automation, investing £406 in STEM and technical education for people of all ages as well as introducing new T levels to provide a technical alternative to A levels, in addition to our reforms to apprenticeships.</li><li><strong>The biggest increase in R&amp;D funding ever</strong> – we have committed an extra £7bn by 2023/24, including £2.7bn already allocated to innovative programmes supporting industry and researchers through the Industrial Strategy Challenge Fund.</li><li><strong>Record investment in infrastructure with £37bn committed through the National Productivity Investment Fund by 2023/24.</strong> This includes £2.45bn for Transforming Cities and £1bn in digital infrastructure.</li><li><strong>Publication of Nine Sector Deals</strong>, supporting billions in investment from the public and private sector and important sectoral reforms on issues such as technology diffusion and workforce diversity. A further three deals are being negotiated.</li><li><strong>Announcement of the first ‘missions’ under the Grand Challenges,</strong> aiming to galvanise action on ambitious and specific goals in AI &amp; Data, Clean Growth, the Future of Mobility and Ageing Society. This includes a second clean growth mission to decarbonise industrial clusters.</li></ul>
star this property answering member printed Lord Henley more like this
star this property question first answered
less than 2019-01-16T16:58:50.627Zmore like thismore than 2019-01-16T16:58:50.627Z
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2616
star this property label Biography information for Lord Henley more like this
star this property tabling member
1796
unstar this property label Biography information for Lord Taylor of Warwick remove filter