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Future of Europe’s industry - Introduction to the industrial strategy debate for businesses

November 2017 – The recent rise of Industrial Strategy in the European and global agenda, with discussions and policy initiatives now being developed at EU and national levels, make the importance of this agenda to businesses clear. This briefing sets out some key areas to consider from the perspective of corporate leaders and offers initial ideas on this live debate.

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future of europes industryIn September 2017, the European Commission released the Investing in a smart, innovative and sustainable Industry - A renewed EU Industrial Policy Strategy communication. The communication includes strategies for plastics and sustainable finance, measures to improve production of renewable biological resources, bio-based products and bio-energy, new proposals for competitive and connected low emissions mobility, trade policy initiatives and more.The recent rise of Industrial Strategy in the European and global agenda, with discussions and policy initiatives now being developed at EU and national levels, make the importance of this agenda to businesses clear.

A European industrial strategy has the potential to help businesses minimize risk during a period of rapid change. Engaging in the discussion on an industrial strategy for Europe can help:

  • Ensure future employees will have the skills to help business thrive in a digital age
  • Improve knowledge and technology transfer through public-private partnerships and other collaborations
  • Create the conditions for developing innovative solutions

Secure your competitive edge in the global market by engaging in the discussion on an industrial strategy for Europe. We will call on companies to explore a European Industrial Strategy along with experts and policymakers as part of our Green Growth Platform activities. To join the discussion, contact Natalia Agüeros-Macario:  +32 2 894 9321 or natalia.agueros@cisl.cam.ac.uk

Citing this briefing

Please refer to this publication as University of Cambridge Institute for Sustainability Leadership (CISL). (2017). Briefing: Future of Europe’s Industry. Introduction to the industrial strategy debate for business, Cambridge, UK: The Prince of Wales’s Corporate Leaders Group

Published: November 2017

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About the CLG

The Prince of Wales’s Corporate Leaders Group (CLG) brings together executives from a cross-section of European industry to accelerate progress towards a low carbon, sustainable economy. Through cross-fertilisation of ideas and influential conversations with policymakers and peers, the CLG advocates forward-looking solutions that build a resilient and prosperous future.

Author and acknowledgments

This briefing was authored by Rosemary Ostfeld and Natalia Agüeros-Macario with input from David Reiner (Cambridge Judge Business School), Martin Porter (i24c and European Climate Foundation) and Tomas Wyns (Institute for European Studies, VUB).

Disclaimer

The opinions expressed here are those of the authors and do not represent an official position of CLG, CISL, the wider University of Cambridge, or clients.