12 Dec 2024

Financial Services Growth & Competitiveness Strategy

In November 2024, HM Treasury published a Call for Evidence for the UK Government's Financial Services Growth & Competitiveness Strategy. This will inform the development of the financial services sector plan, a key part of the government’s industrial strategy (see below).

AREF submitted its response to the Call for Evidence on 12 December 2024.


Green Paper: Invest 2035 - UK Modern Industrial Strategy

In October 2024, the Department for Business and Trade published a Green Paper on the Government's Industrial Strategy for the next 10 years. This focusses on driving growth in eight sectors:

  • Advanced Manufacturing
  • Clean Energy Industries
  • Creative Industries
  • Defence
  • Digital and Technologies
  • Financial Services
  • Life Sciences
  • Professional and Business Services

AREF explained in its response, submitted on 22 November 2024, that for all of these growth-driving sectors real estate investment should be a foundational sector.

 

Author

Jacqui Bungay

Jacqui Bungay

Head of Policy, AREF

Jacqui provides policy guidance and secretariat services to AREF’s Board and Management Committee as well as many of AREF's committees and working groups.

Jacqui joined AREF in 2014 after working for over 25 years in fund compliance, client relationships and administration in the trustee and depositary sector.