The Government's industrial strategy has included a pledge to set up a "regenerative circular economy", as the Environmental Services Association (ESA) says it is negotiating a sector deal with the Department for Business, Energy and Industrial Strategy (Beis).
Productivity is mentioned throughout and back in the summer he talked about increasing the earning power of our country and our people. The green paper was announced to much fanfare earlier this year, however our recent Future Attitudes study, which surveyed over a thousand senior SME decision makers across the United Kingdom, revealed an astonishing lack of awareness about the Strategy, with fewer than three in ten (29 per cent) small and medium-sized enterprises claiming to have heard about it...
"The strategy unveiled today reflects this engagement, with a new and unique partnership between government, academia and industry, supported by policies that are committed to making the United Kingdom economy more productive and giving it a competitive edge in the future and overseas".
Announcing the investment, Business Secretary Greg Clark said: "Our life sciences sector is one of the UK's fastest developing industries, with a turnover in excess of £64 billion, employing 233,000 across the UK".
The facility, focussed on early bioscience discovery and entrepreneurial innovation, is expected to create 150 new research roles.
CBI chief Carolyn Fairbairn cautioned: "Today's announcement must be the beginning of a strategic race, not a tactical sprint".
MSD has confirmed plans to plans to establish a UK Discovery Centre, following similar investments in new biomedical centres in the San Francisco Bay Area and Cambridge Massachusetts.
Summing up the Industrial Strategy paper, Prime Minister Theresa May said: "Our modern Industrial Strategy will shape a stronger and fairer economy for decades to come".
"We support Government's ambition to become the world's most innovative country by 2030 and its commitment to transformative technologies like artificial intelligence".
"It is clear that the United Kingdom can, through a collaborative partnership between government, industry, academia, charities and the NHS, deliver the next wave of innovation that will benefit patients, transform the health care system, and generate economic growth and improved productivity".
"The very latest Beis feedback is that it is interested in the proposed sector deal and what we can do if supported by stronger end markets for secondary resources".
In addition, Qiagen is announcing details of a brand new partnership with Health Innovation Manchester that has the intention to develop a genomics and diagnostics campus in Manchester.
January's Industrial Strategy Green Paper, a consultation on which received nearly 2,000 responses, was well-received by the waste industry, with several organisations pointing out that waste and resources have an important role in developing resilient United Kingdom supply chains. He said: "One in three children born in the United Kingdom today can expect to live to 100. Our success together can advance science and improve the lives of patients in the local region as well as worldwide".
Last week, sister site World IP Review reported that the United Kingdom government will make an extra investment of £2.3 billion in research and development (R&D) in 2021/22, increasing total public investment in R&D to £12.5 billion that year.
These challenges being guaranteeing the mobility of workers and goods, securing clean growth, dealing with an ageing population, and the opportunities offered by artificial intelligence and the digital revolution.
Each Grand Challenge represents an open invitation to business, academia and civil society to work and engage with the government to innovate, develop new technologies and develop strategies to seize these global opportunities.