The private sector has to lead on the UK Government’s levelling up agenda by driving the scaling up of industry clusters identified as having global potential, including the compound semi-conductor initiative in South Wales, says director-general of the CBI Tony Danker.
On a visit to Wales, Mr Danker said he would be supportive of a Welsh Government seeking new powers to provide more favourable investment deduction and tax credits as a means of attracting inward investment and boosting skills and clusters, rather than any devolving of corporation taxes.
On the UK Government levelling up agenda, he said the CBI last year had identified a set of priorities to level up the UK economy, through its Seize the Moment agenda, including driving the international competitiveness of the UK’s nations and regions over the next decade.
