30.08.24

In recent years, the UK economy has grappled with a number of unprecedented challenges, including the COVID-19 pandemic, Brexit and geopolitical conflicts.  

As we usher in the Fourth Industrial Revolution, obstacles to the UK’s economic and industrial success remain, including the increased rates of retirement and occupational ill-health, an aging workforce, falling apprenticeship starts, and a lack of (digital) skills to support the adoption of new technologies.

These, combined with the changing nature of the international economy, the UK’s trade relations with the rest of the world, and the urgent need to reach net zero, 
require a sustained, robust industrial strategy to effectively rebuild the UK economy. The foundation stone of which is people.  

Owing to the above factors, we now face a perfect storm: the demand for upskilling and reskilling has increased at the very same time as the pipeline of workers, teachers and talent into the sector has diminished.

With the new Labour Government’s commitment to finally introduce an industrial strategy, Make UK’s latest report, in partnership with the Trades Union Congress (TUC), ‘The Skills Needed to Support an Industrial Strategy’ aims to highlight exactly what its title suggests.

It makes recommendations on everything from reforming the Apprenticeship Levy, enhancing digital skills and support for employers hosting placements, to tax reliefs for training and occupational health services, careers advice and Statutory Sick Pay availability.

Combining these measures and adopting other policies could revitalise manufacturing, and help it continue to be an engine for growth in the UK economy, while addressing the skills and recruitment crisis, and supporting the sector as it plays a defining role in delivering net zero.