Member

That will be a major part of our response to the forthcoming Milburn report, which will follow its publication in the autumn. For it to work, a more intentional approach to the reindustrialisation of Britain is required. We will support all parts of the country to take more public control over investment strategy, learning from the Greater Manchester model of a consolidated good growth fund drawn from their own funds, prudent loan borrowing and fragmented budgets held by government bodies. We will back local industrial strategies—a policy of the Theresa May Government I am happy to revive—by identifying priority sectors and developing the triple-helix approach to economic development by entwining business, academia and government behind the plan. This is the way we will build a pro-business culture and an innovation-led economy in all parts of the UK, finally capturing the long-term benefits of the invention that is in the DNA of our nation, backing our start-ups and scale-ups to stay in the UK where they were founded.