The country’s future prosperity requires the development of a more diverse economic base. The UK must create more successful, high added value businesses and industries to produce and maintain the wealth creating products, infrastructure and services of the future. These innovative new enterprises will build on our national strengths in science and technology, regenerate our industrial base, address the grand challenges facing society, boost GDP and underpin social progress at all levels.
The scale and complexity of the process of 21st century re-industrialisation required is such that it cannot be left solely to the market to deliver. Creating the hi-tech sustainable economy of the future will require new models of cooperation between industry, government and education to rebalance the economy and drive growth.
The engineering profession has formed an alliance, Engineering the Future, to strengthen engagement with policymakers and support a thriving economy based on wealth creation and prosperity through engineering innovation.