The Contact's with Industry (CWI) was conceived by Sir Alan Budd
after he perceived that significant benefits could be derived from
regular meetings with outside industry economists to help the Treasury
monitor developments in the economy. From these initial stages the
original idea progressed and the scheme developed until 1996 when
Sir Terry Burns suggested that it should be extended to most of the
In the original CWI programme only companies that had previous contact
with HMT were selected for visits. However, it was realised that broader
contacts with industry could have a wide range of benefits. It was
decided that one way to increase the visibility and accountability
of HM Treasury was give its' officials a wider understanding of businesses
and the impact of HM Treasury policy on them. In doing so, it was
hoped that the officials might develop their potential to devise more
It is however a two way arrangement, because it is anticipated that
the host company will benefit from the opportunity to question the
Government's representatives on policies that they consider to be
most relevant to their business.
The visits generally last one day. We aim to agree an agenda in advance
with the host company and decide all the issues to be covered. The
format for the visit usually consists of a presentation by the firm,
a tour of the factory floor and a discussion, but we are flexible
about how this should be arranged. We endeavour to match the size
of the visiting group to your requirements and the availability of
Treasury officials. It can range from a single person to a small group.
The CWI initiative has been favourably acknowledged by all those
businesses which have participated so far, and we have certainly found
the feedback from such visits beneficial. There have been recent visits
to companies such as Cable & Wireless, The Marshall Group, Short
Brothers (Northern Ireland), Warwick Science Park, British Cement
Association, Blue Circle and Orange.
The objectives of the scheme are:
To increase the Treasury's knowledge of British Industry and to promote
a dialogue between the Treasury and British industry.
We are interested in:
All sizes of firms: from the very small through to medium-size to multinationals: All sectors of industry and all regions of the United Kingdom are of interest.
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