In April, we made our submission to the Government’s Industrial Strategy consultation. The UKVIA welcomes the Government’s consultation on its emerging Industrial Strategy and we stand ready to support BEIS, DoH, HM Treasury and all other relevant Government organisations to ensure that the Government understands and supports the great potential that the vaping industry offers to become a 21st century UK success story.
In particular UKVIA welcomes the Industrial Strategy’s focus on i) investing in science and research, ii) supporting businesses to start and grow, iii) cultivating world leading sectors and iv) creating the right institutions to bring together sectors and places. The vaping industry is an excellent example of an industrial sector in which the UK is leading the way across the globe.
Executive Summary
This submission focusses on the following areas:
- An introduction to the development of this fast-moving product category and its rapid revolution in a short space of time. It highlights how vaping has rapidly become one of the UK’s most vibrant, exciting and dynamic business sectors; a sector that nearly three million consumers in Britain have already embraced to enjoy the significant health, economic and social benefits that vaping brings.
- An analysis of how the vaping industry could play a vital role in UK’s industrial strategy, and why it needs support. The submission also explores how the vaping industry is thoroughly outward-looking, growth-focused and uniquely placed to capitalise on the huge potential for UK plc that the new global trading environment presents.
- A summary of the key areas of regulation that currently impact, and could potentially impede, the sector.
- An analysis of the opportunity that exiting the EU presents for shaping a bespoke regulatory framework that could support the industry more effectively and leverage this important public health intervention.
To read the full report, click here: UK Vaping Industry Association Industrial Strategy Submission