DTI defines priorities to boost UK productivity

The
DTI will try and forge closer links with ‘key economic figures’ as part of its
new strategy for raising productivity in the UK.

The
strategy document outlines five key priorities for improving productivity and
highlights what the DTI will do to deliver that success.

The
strategy commits DTI to supporting stakeholders with an investment of £3bn per
year by 2006, a new business-focused technology strategy, implementation of the
Skills Strategy and closer workplace partnerships with the trade unions.

Trade
and Industry Secretary Patricia Hewitt said: "This is a strategy that
sharpens the DTI’s focus for the next five years.

"It
will help the department respond with confidence to the challenges of an
ever-changing world. And by raising productivity, will ensure that Britain
really does provide opportunity and prosperity for all its citizens."

The
DTI’s five key priorities are:


Transferring knowledge from the science base and between businesses so firms
have access to the ideas they need to innovate


Maximising potential in the workplace – developing organisations with higher productivity,
value and skills
● Extending competitive markets – to give business more opportunities and
consumers a fair deal
● Strengthening regional economies – empowering regions to generate their
own solutions
● Forging closer partnerships with key economic players at home and
overseas

By
Ross Wigham

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