Julian David, director general of Intellect, the UK's trade association for the technology sector, told Computerworld UK that Heseltine's recommendations were 'very encouraging'.
Top llevel recommendations from the Tory party grandee include distributing more control to local government and the private sector, as well as creating a National Growth Council that should be chaired by David Cameron.
However, within the technology sphere, Heseltine said: "The government should go further in its plans to build strategic relationships with industry, ensuring that the long term impact on technological advantage and the UK industrial base are taken into account in the procurement of specialist technologies."
He also called for commitment to the long-term stability of the core funding of science and research and said that the UK needs to ensure that businesses can build and take advantage of the technologies of tomorrow.
Intellect's David said that the review's message is an important one that ministers should be considering.