The Institute for Prosperity announced its nine-person board chaired by former Labour minister Caroline Flint.
Founded by economist John Mills, who will also sit on the board, the group aims to influence economic policy and support a revival in manufacturing.
Ms Flint said: “Our economic future has never been so uncertain and a return to the status quo after Covid will only exacerbate our economic, social and cultural divides.
“We are facing deep-seated problems in our economy that leaves millions of communities in the North, Wales and Midlands behind.”
The other members of the board are Conservative MP former minister John Penrose, Labour MPs Emma Lewell-Buck, Stephen Kinnock and Stephanie Peacock, Labour peer Viscount Hanworth and Tory peer Lord Vinson.