In a fast changing world, and one where Britain is free from the European Union, we need to identify and invest in industries where we can be successful. There is discussion that the Theresa May government is considering the creation of an industrial strategy. In this discussion, some see the way UK Sport prioritised investment in sports where we have a good chance of winning, as being a worthwhile approach.
Yes, the UK Sport approach has its advantages, where I think the key ones are; a sound vision, identifying talent and then investing in it, and a relentless focus and performance measurement. Me, I’d like to make it easier for innovators – like Trevor Bayliss and his wind-up radio invention – to access investment and to set-up in business with the minimum of fuss.
I’m pleased to see Robot Wars back on the BBC, though I’d also like to see the return of programmes like The Great Egg Race – we need to promote the fun and excitement of innovation and problem solving.
Here are a couple of articles on the likely areas of investment,
Leaving the EU makes it all the more vital that we chart a pro-enterprise future, as investors worry about sticking with Britain. Transparency and fair taxes from the big corporations are vital, but that shouldn’t stop us going for low taxes and great infrastructure for the businesses we need.