This was published under the 2016 to 2019 May Conservative government
This publication was withdrawn on
In the last 3 years, the UK’s economic environment has changed, bringing new opportunities and challenges for our businesses. This 2018 publication has been supplanted by the 2021 Innovation Strategy and other government strategies that support our Net Zero Strategy objectives.
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The bioeconomy represents the economic potential of harnessing the power of bioscience, using renewable biological resources to replace fossil resources in products, processes and services. This will also reduce our dependence on the finite fossil resource. The UK bioeconomy is today worth £220 billion and supports 5.2 million jobs.
The strategy has 4 main goals, to:
maximise productivity and potential from existing UK bioeconomy assets
create the right societal and market conditions to allow novel bio-based products and services to thrive
capitalise on our world class research, development and innovation base to grow the bioeconomy
deliver real, measurable benefits for the UK economy