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Liam Fox welcomes industrial strategy commitment to UK trade

25 Jan Liam Fox welcomes industrial strategy commitment to UK trade

Following the launch of the industrial strategy green paper today – International Trade Secretary, Dr Liam Fox, visited a leading advanced technology business in Oxfordshire to reiterate the government’s commitment to supporting UK business to grow at home and abroad.On the visit to Prodrive in Banbury – a successful independent British engineering innovation business – the International Trade Secretary outlined the steps government is taking to support trade and investment across the country which can have a crucial impact on the growth of local economies.

The industrial strategy green paper sets out a plan to improve living standards and economic growth by increasing productivity and driving growth across the whole country. To achieve that goal, the green paper sets out ten strategic pillars to underpin a new government approach.

Encouraging trade and inward investment policy is one pillar and is key to opening up markets for UK firms, boosting productivity and growth across our economy, including by increasing competition and helping to bring new ways of doing things to the UK.

The Secretary of State for International Trade, Dr Liam Fox, said:

Trade and investment is a vital part of building an economy that works for all, creating jobs and transforming local communities and industry.

Across the UK we’re pioneering a whole host of new technologies, working with industry and universities to ensure Britain remains the location of choice for many sectors, such as the next-generation automotive industry. Prodrive is a fantastic example of innovative British automotive engineering at its best and a great illustration of our how we can and should be exporting our world-class expertise to benefit our economy.

The UK is open and ready for business and the launch of the Industrial Strategy today shows our commitment to improving growth and productivity across the whole country.

The Department for International Trade is leading government work to continue to champion free trade and ensure it helps deliver an economy that works for everyone.