Government Assistance to Industry: The Work Foundation gives oral evidence to the BIS Select Committee
17 November 2010
The Knowledge Economy 2 World Tour played another gig on Tuesday, this time to an inquisitive array of backbench MPs whose role it is to examine the expenditure, administration and policy of the Department for Business, Innovation and Skills.
Ian Brinkley, Director of Socio-Economic Programmes, spoke on key priorities for the government, highlighting the need to get the most out of R&D support, nurturing linkages between universities and business and refocusing enterprise strategy for high growth firms. In urging priority to new key areas for growth, the role of new institutions was seen as crucial and The Work Foundation welcomed the £200m for new Technology Innovation Centres announced in last month’s Spending Review.
The range of questions from the committee was varied in scope and depth: How could Government provide the right conditions for new companies to start up successfully? Should the government get behind those industries that have competitive advantage? What will the 2020 jobs market look like? What does the immigration cap mean for the knowledge economy? Should more money be spent on training budgets for those with low skills? What is the future for manufacturing in the UK?. The receptivity of backbenchers to our research findings was encouraging, and we look forward to seeing their report to government in the coming months.
Link to full session on Parliament TV (Ian Brinkley’s evidence commences at 1h21m)
Link to Transcript of the Session to follow.