Welcoming them to the Board, he said:
“I am pleased to be able to announce that Gillian Wilmot, Hugh Brown and Christopher Kinsella have agreed to join the Board. I am sure that their skills and experience will positively add to its work.
“The Board’s business expertise helps us make sure that public investments in industrial projects have the best possible impact.”
IDAB provides advice to government on proposals to provide selective financial assistance to industry.
Gillian Wilmot is founder and CEO of Board Mentoring, which mentors directors in FTSE 100 and international organisations. Gillian also works with entrepreneurs and has held a wide range of non-executive directorships (Blackwells, Land of Leather and Admiral Insurance) following an executive career as a marketing director and CEO. She is also Chairman of Derbyshire Probation Trust.
Hugh Brown has had a long career with PricewaterhouseCoopers, including its predecessor companies, leading to him becoming a Senior Partner in restructuring and in charge of its Corporate Finance and Debt Advisory functions.
Christopher Kinsella is the former Chief Executive of the Chartered Management Institute having previously been Chief Financial Officer (CFO) for two years of the Dyson Group plc and CFO for TI Automotive for 11 years. He is also an Honorary Teaching Fellow at Lancaster University.
Notes to editors:
- IDAB is a statutory body set up under Section 10 of the Industrial Development Act 1982 to advise the Business Secretary on the exercise of his powers under Sections 7 and 8 of that Act, which cover the provision of selective financial assistance to industry. The Board comprises senior people who collectively bring a balance of expertise and competence in industry, banking, accountancy and finance to advise ministers on large investment decisions. It advises the Business Secretary on public investments in major projects in England.
- The appointments are part-time and unpaid. Each appointment will run initially for three years from 1 August 2012.
- For more information on the Board, including current membership, please visit http://www.bis.gov.uk/policies/regional-economic-development/industrial-development-advisory-board.
- The Government's economic policy objective is to achieve 'strong, sustainable and balanced growth that is more evenly shared across the country and between industries.' It set four ambitions in the ‘Plan for Growth’ (PDF 1.7MB), published at Budget 2011:
- To create the most competitive tax system in the G20
- To make the UK the best place in Europe to start, finance and grow a business
- To encourage investment and exports as a route to a more balanced economy
- To create a more educated workforce that is the most flexible in Europe.
Work is underway across Government to achieve these ambitions, including progress on more than 250 measures as part of the Growth Review. Developing an Industrial Strategy gives new impetus to this work by providing businesses, investors and the public with more clarity about the long-term direction in which the Government wants the economy to travel.
- BIS's online newsroom contains the latest press notices and speeches, as well as video and images for download. It also features an up to date list of BIS press office contacts. See http://www.bis.gov.uk/newsroom for more information.