Framework for Growth

The publication of the UK Government’s new Industrial Strategy marks a major shift in the national approach to long-term economic growth. It sets out a ten-year plan to create the conditions for investment, innovation and job creation across key sectors and regions.

In the lead-up to its development, PwC conducted the Framework for Growth research to provide a business-led perspective on what the UK economy needs to grow. Based on in-depth interviews with more than 60 senior leaders and survey responses from over 1,200 UK decision-makers, the research identified three top priorities:

• Developing skills, education and talent
  

• Improving infrastructure and reforming the planning system
  

• Accelerating digital transformation

To assess the potential scale of opportunity, we complemented these insights with new economic modelling. Our analysis shows that removing these barriers could unlock hundreds of billions of pounds in additional GVA across UK sectors by 2035.

The Government’s Industrial Strategy, alongside the 10 Year Infrastructure Strategy, reflects many of the priorities identified through our research. Together, these strategies offer a more integrated approach to growth, supported by long-term policy commitments on skills, planning, innovation and digital adoption.

Turning this ambition into results will depend on effective collaboration between business and government, at both national and local levels. At PwC, we are committed to supporting clients, communities and policymakers to translate strategy into practical, inclusive and investable growth.