The launch of the East Midlands Labour Finance & Industry Group.
Chuka Umanna, noting the 4.8 million businesses, said focus on the FTSE 100 can be bizarre and that Westminster was too obsessed with the City of London. Have to get finances sector to properly support businesses, so a British Investment Bank. But not finance for high street banks cos they have been the problem.
Labour did a lot on skills gaps – increased people in his own constituency going to university by 81% But now need to shift the focus, a technical baccalaureate, apprenticeships, public procurement to back our businesses, regional tools to help you build local economies.
Nottingham had identified their sectors – low carbon, bio-medical and creative; has a model, imagination and political will.
Chuka with the Sheriff of Nottingham, Cllr Merlita Bryan.