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Mandelson outlines vision for UK enterprise

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Released 23 Oct 2008

Regional Development Agencies (RDAs) are best placed to "lead and help to develop innovative thinking and the solutions business need" Peter Mandelson will today say.

Business Secretary Peter Mandelson will be addressing the Northern Regeneration and Renewal Summit in Manchester.

He will praise the role of the RDAs in delivering the Government's economic policy, and the 'Solutions for Business' package of business support (BSSP).

He will argue that the RDAs are defining the direction for the regional economies and through their support and investment in business, traditional industries can become world leaders in advance manufacturing.

He will also welcome the coordinated European wide interest rate cut and outline what the government is doing to help small businesses whilst calling for stronger measures to stabilise the financial markets.

Peter Mandelson said:

"For me, the role of Regional Development Agencies will be crucial in this process. Led by business, working in partnership with Local Authorities, universities and others, they are the key economic co-ordination body in each region. Not just for the North, but for the country as a whole.

"The mandate is clear: to ensure that every hardworking business, in every region of the country has the necessary advice and support to help them not just to survive but also to succeed in the difficult times ahead."

Peter Mandelson will go on to speak of "the proud industrial heritage of the North West" which has seen its economy grow by 21 per cent since 1997. He will also say more can be done to ensure that the North can better use its unique assets to compete on the world stage.

Notes

1. The Business Support Simplification Programme (BSSP) was
announced during the Budget 2006 to reduce the number of publicly funded business support schemes from over 3,000 to less than 100 by 2010.

2. The Department for Business Enterprise and Regulatory Reform
helps UK business succeeds in an increasingly competitive world. It promotes business growth and a strong enterprise economy, leads the better regulation agenda and champions free and fair markets. It is the shareholder in a number of Government-owned assets and it works to secure, clean and competitively priced energy supplies.


About the Author

Crown Copyright. Material taken from the BERR- Department for Business, Enterprise and Regulatory Reform replacing DTI - Department for Trade and Industry. Reproduced under the terms and conditions of the Click-Use Licence.


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Article Published/Sorted/Amended on Scopulus 2008-10-24 18:37:12 in Business Articles

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