The focus of the discussion was on the government’s investment plans and strategies to alleviate “supply side” constraints to foster growth. Credit: Miha Creative/Shutterstock.

The Association of International Certified Professional Accountants (AICPA) and the Chartered Institute of Management Accountants (CIMA) have discussed the UK Government’s initiatives to enhance productivity. 

The focus of the discussion was on the government’s investment plans and strategies to alleviate “supply side” constraints to foster growth. 

AICPA and CIMA have outlined several areas for the UK Government to consider as part of its growth agenda and industrial strategy.  

These include investing in education to develop future skills, adopting efficient business practices within the public sector, providing certainty to foster innovation and entrepreneurship, and embracing technology to build a skilled workforce. 

UK Chancellor Rachel Reeves had pledged to act “further and faster” to revitalise the economy. 

She revealed new plans for the Oxford-Cambridge Growth Corridor, which industry experts estimate could boost the UK economy by up to £78bn by 2035. 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Commenting on Chancellor Reeve’s speech, AICPA and CIMA Management Accounting chief executive Andrew Harding said: “CIMA welcomes the intent to make it easier for business to trade, raise finance, and build.  

“However, whilst reducing complexity is a positive move, we encourage the government to focus on driving integrated thinking across productivity, regulation, innovation, and growth if it is to go further and faster.” 

CIMA’s feedback to the Department for Business and Trade underlines the shared challenges and opportunities for the government to boost growth and address UK productivity concerns.  

Management accountants are identified as a requirement in supporting the delivery of the Industrial Strategy. 

The Invest 2035: The UK’s Modern Industrial Strategy Green Paper has pinpointed sectors where the UK excels or has the potential to lead globally, including professional and business services, financial services, and more. 

In October 2024, AICPA and CIMA announced Mark Koziel as its new CEO. Koziel served as president and CEO of Allinial Global.