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In this episode, David and Mike are joined by Paul Swinney to explore the UK’s new industrial strategy. They ask: does it finally embrace a place-based model of economic development? And can it tackle the UK’s long-standing productivity challenge? From sectoral strengths and urban clustering to Freeports, fiscal devolution and the role of universities, this wide-ranging conversation challenges conventional thinking and offers a grounded take on what local leaders should do next.