Electronics industry business managers are expressing both hopes and concerns for the high-tech industry in the face of the impending general election, reports Electronics Weekly. Opinion has been canvassed amongst those working in the industry, who are reported to be looking for evidence that the main political parties have serious plans to rebalance the economy, emphasising the importance of manufacturing and engineering industries. Currently, manufacturing accounts for just 12% of the UK ’s GDP.

A recent example of industrial policy which focuses on high technology is the present government’s recent plan to create a national network of technology centres which will be used to commercialize university research in areas such as plastic electronics and satellite communications. This mirrors similar European innovation networks. Other areas of interest include stem cell research, technologies addressing renewable energy and climate change, fuel cells and advanced manufacturing.

When asked what their priorities would be, Industry representatives stated a long term plan that puts world beating capabilities and skills in science, design, engineering and manufacturing at the top of the agenda. A return to economic fundamentals was called for, based on a balanced economy in which manufacturing and high-technology design and development must play an increasing role. Generally, the financial crisis which followed the banking collapse in 2008 has raised expectations throughout industry that there is now a chance that the next government will put the UK ’s industrial policy back on the political agenda. The introduction of business friendly policies and investment strategies is seen as key.

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