Climate capitalism: where do smaller businesses fit within a net zero industrial strategy?

Climate capitalism: where do smaller businesses fit within a net zero industrial strategy?

“As we gear up for the age of climate capitalism, Labour should look at three crucial features for the next industrial strategy if it takes the tiller after the next general election.

“Firstly, to be felt across the country, any industrial strategy must put small and mid-sized businesses (SMBs) at centre stage.

“Second, is to recognise that, while industrial strategy flows from the high level political vision of the role we want to play in the world, it needs to be delivered through regional leadership and devolution.

“Finally, we must have high performance and accountability. Onshore wind, electric cars and small modular reactors have all suffered from investment uncertainty.”

The latest essay in our Fair Competition for Fair Growth series comes from Mat Ilic, CEO and co-founder of Greenworkx, which seeks ‘to tackle the green skills emergency’. Mat sets out what a Labour Government’s industrial strategy should look like, and where smaller businesses fit in.

The Labour Party leadership has made it clear that accelerating economic growth is central to everything they want to achieve and a necessary precursor for achieving their ambitions in government. Building and facilitating good, successful, strong British businesses of all sizes will be central to helping achieve this vision for the UK. In particular, small and medium sized enterprises (SMEs) need government support to make the most of green tech revolution and compete in the global marketplace.

Our new project brings together experts voices on how a Labour Government can do this.