Call to governments as strategy set to turn economy around

WE ALL know that an effective strategy is built on a foundation of clear objectives, precise planning, and robust communication. It also requires clarity and commitment.

- ROBERT LLOYD GRIFFITHS

A good strategy will focus on the biggest problem facing you right now. It should have an element of aspiration but be grounded in evidence. It must reflect reality with clear, measurable and purpose-driven goals. Perhaps most importantly, it requires buy-in.

It's now over six months since the UK Government first promised a ten-year modern industrial strategy. The pledge was that it will deliver the certainty and stability businesses need to invest in the high-growth sectors that will drive economic growth in every region throughout the UK.

The long-awaited strategy is due to be published later this month, and it can't come soon enough. From the smallest of micro businesses to captains of industry, we need the commitment of a pro-business environment that provides a firm foundation for investment, with a competition and regulatory framework that inspires confidence to invest in innovation, skills, and high-quality jobs.

Stability and long-termism need to be at the heart of the strategy, and it needs to work for Wales by making best use of our unique strengths and untapped potential.