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Government launches next phase of Growth Review

Skills, the rural economy and medium sized businesses will be at the centre of the next stage of the Growth Review, the Government announced this week.

Building on the programme set out in the first Plan for Growth, published at the Budget, the next stage of the review will focus on:

• Education and skills - looking across the whole of the education system from schools, FE colleges, universities and other training providers to consider how to maximise economic growth
• Infrastructure - considering how to eliminate barriers and encourage greater investment in UK infrastructure
• Logistics - covering rail, road, shipping and air freight interests and cutting across the wholesale industry, looking at opportunities and barriers to growth as the logistics sector evolves in response to the increasing complexity and globalisation of supply chains
• Mid-sized businesses - examining businesses that have expanded beyond the definition of SMEs, considering how to increase the number of firms that show significant growth at this level
• Rural economy - scrutinizing the constraints, opportunities and risks impacting on economic growth in rural areas and considering specific issues including labour market characteristics
• Open data - investigating the potential growth benefits and risks of opening up access to public sector data assets

Business Secretary Vince Cable formally launched the next phase of the Growth Review during his visit to Rolls Royce in Derby, where he welcomed the company's commitment to 200 new apprenticeships and broke the ground on a new Learning and Development Centre. He also hosted a round table event with a number of mid-sized businesses from the Rolls Royce supply chain.

Dr Cable said: "We are launching the second stage of the plan for growth with one central purpose - creating the right conditions for business to start up, invest, grow and create jobs.

"We are seeing the evidence this week of successful rebalancing of the economy towards exports and manufacturing, with the announcement of major commitments from Nissan and BMW, and today the commitment from Rolls Royce to an expansion of their Apprenticeship programme."

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