Jon Excell

UK government targets growth with launch of industrial strategy green paper

News

The UK government has taken a key step towards the launch of a long-awaited industrial strategy with the publication of a green paper setting out its vision for industry and calling on businesses to work with government to help define and develop the strategy in the coming months.

stock.adobe.com
stock.adobe.com

Entitled “Invest 2035: the UK’s modern industrial strategy”, the paper outlines a vision for a long-term strategy that will tackle barriers to growth and drive investment in key sectors and invites businesses around the UK to share their thoughts on how government can best support long term growth and productivity in key sectors. 

According to the government the strategy will be focused on driving growth on eight key sectors, which offer the highest opportunities for growth. These are: advanced manufacturing; clean energy; creative industries; defence; digital and technologies; financial services; life sciences; and professional and business services. 

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Announcing the launch of the paper, Business Secretary Jonathan Reynolds said: “our modern Industrial Strategy will hardwire stability for investors and give industry the confidence to plan for the next 10 years and beyond” 

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industrial strategy