Policy paper: Life sciences: Sector Deal

The Life Sciences Sector Deal will help ensure new pioneering treatments and medical technologies are produced in the UK, improving patient lives and driving economic growth. The deal involves substantial investment from private and charitable sectors and significant commitments in research and development from the government.

Policy paper: Statutory security of supply report: 2017

BEIS/Ofgem’s joint annual ‘Statutory Security of Supply Report’ provides an assessment of the availability of secure, affordable electricity, gas and oil for meeting the needs of consumers.

This report carries out the government’s and Ofgem’s respective obligations under section 172 of the Energy Act 2004 as amended by section 80 of the Energy Act 2011, to report annually to Parliament on the availability of electricity and gas for meeting the reasonable demands of consumers in Great Britain.

Policy paper: Industrial Strategy: building a Britain fit for the future

The strategy sets out how we are building a Britain fit for the future – how we will help businesses create better, higher-paying jobs with investment in the skills, industries and infrastructure of the future

We will boost productivity and earning power across the country by focusing on 5 foundations:

  • ideas
  • people
  • infrastructure
  • business environment
  • places

This is a long term strategy; making changes now, but also looking to the future.

Policy paper: Industrial Strategy: Sector Deals

Partnerships between the government and industry on sector-specific issues can create significant opportunities to boost productivity, employment, innovation and skills.

We know that these partnerships can work – from our experience of decade-long partnerships such as the Auto Council and the Office for Life Sciences to more recent collaborations including tourism, creative industries, space and professional and business services.

As part of our Industrial Strategy we are extending these successful partnerships to other parts of the economy.

Policy paper: National Living Wage and National Minimum Wage: government response to the Low Pay Commission’s Autumn 2017 report

Explains the government’s response to the minimum wage rate recommendations as made by the Low Pay Commission (LPC).

The LPC has recommended that the hourly rates should increase in April 2018:

  • from £7.50 to £7.83 for workers aged 25 and over (the National Living Wage)
  • from £7.05 to £7.38 for 21-24 year olds
  • from £5.60 to £5.90 for 18-20 year olds
  • from £4.05 to £4.20 for 16-17 year olds
  • from £3.50 to £3.70 for apprentices aged under 19 or in the first year of their apprenticeship.

The government accepts these recommendations.

Policy paper: Accelerated Access Review: response

Updated: Replaced response document with accessible version.

The AAR made a series of recommendations to enable the NHS to:

  • improve patient outcomes
  • use the UK’s strong biosciences research and life sciences industrial base
  • enhance the international competitiveness of our life sciences industry

The response to this review sets out how government will work with industry and the health system to create an approvals system so that cost-effective breakthrough products can get to NHS patients as fast as possible.

Key elements of this response include:

  • an Accelerated Access Collaborative that will develop an accelerated access pathway to bring breakthrough products to market and then to patients as quickly as possible
  • £86 million government funding to support innovators and the NHS in overcoming barriers to getting new, innovative technologies to patients quickly
  • improved NHS England commercial capacity and capability to deliver deals that achieve better value for the NHS and innovators