Business secretary outlines vision for British industry

He outlined his plans in a speech to business leaders and committed to a long-term, strategic partnership between government and industry designed to give businesses clarity about where the government will be concentrating its efforts.

Speaking at Imperial College London, Cable said: ’Government needs to be more like business, by making strategic plans and sticking to them.

‘Our first part of that plan is lifting the barrier that poor access to finance puts on growth. By helping firms to invest capital, businesses expand and create jobs.

‘But I am also setting out a clear and ambitious vision, a commitment far beyond the usual political timescale that will continue to bear fruit decades later. It will give our businesses certainty, allow them to make their own plans, and know that the full weight of government is behind them. We will work in a strategic partnership with industry, focusing our support on specific sectors. This is our commitment to growth in action.’