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The Industry and Parliament Trust (IPT) was established in 1917 at a time when polarisation of the main British political parties and of their attitudes towards industry risked leading the country to economic ruin. Its raison d'≖tre was that, regardless of party or ideology, governments and business enterprises need each other. Two decades on, the IPT has established a model for enabling Parliament and industry in their widest sense to gain mutual benefit from understanding each other better through exchanges in a safe, neutral and non‐partisan environment. The model has been adopted internationally and is expected be incorporated into the workings of the new devolved Parliament of Scotland and Assemblies of Wales and Northern Ireland.

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