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CBI & Management Today business summit
Introduction
I am delighted to be here this morning, to talk about the Government's strategy for achieving sustainable, long-term economic growth. I believe - this Government believes - that growth will come from private enterprise, from businesses investing, hiring, exporting and expanding. To achieve this, however, government needs to be an effective partner and focused on clearing away the barriers to growth. That's why we set out a Plan for Growth, alongside the Budget - the first phase of a comprehensive Growth Review that will run for the life of this Parliament.
Growth strategy
Because our job is to create a stable business environment, within which companies have the confidence to start, invest and grow. The Coalition understands this. And that's why we have made growth our overriding priority. But to achieve it, we need to fundamentally rebalance our economy. As the past decade has proven, we cannot rely on a small number of economic sectors, often centred in London and the South East, for our national prosperity.
Instead, we have to encourage innovation and investment across a much wider range of economic sectors - advanced manufacturing; the creative and digital industries; low carbon technologies.
At the same time, we also need to rebalance the economy geographically and enable other regions to thrive and grow. This will boost our overall capability and productivity to everyone's benefit.
In short, we don't just want growth; we want to achieve sustainable growth, across more sectors and more regions. For more information click here.