A new government industrial strategy has been launched alongside a new advisory council in time for the international investment summit
The new government industrial strategy has launched today detailing the sectors and industries that will be targeted for investment the most.
The strategy comes alongside a new advisory council, and a green paper will be published in time for the international investment summit.
The strategy will focus on eight sectors
The eight sectors detailed for focus in the new government industrial strategy are:
- Advanced manufacturing
- Clean energy industries
- Creative industries
- Defence
- Digital and technologies
- Financial services
- Life sciences
- Professional and business services
Notably, construction is missing from this list.
PM Keir Starmer commented on the goals of the new government industrial strategy
He said: “We’ve got to look at regulation where it is needlessly holding back the investment, to take our country forward.
“Where it is stopping us building the homes, the data centres, warehouses, grid connectors, roads, trainlines, you name it then mark my words – we will get rid of it.
“We will rip out the bureaucracy that blocks investment and we will make sure that every regulator in this country take growth as seriously as this room does.
“We are focusing on investment because the mission of growth, in this country especially, demands it. Private sector investment is the way we rebuild our country and pay our way in the world. This is a great moment to back Britain. This is great moment to back England, Scotland, Northern Ireland and Wales.”
Chair of the advisory council and Microsoft UK chief executive, Clare Barclay, also commented on the new government industrial strategy: “As chair of the Industrial Strategy Advisory Council, I will ensure the council provides a clear and strong voice on behalf of business, nations, regions, and trade unions, as we invest for the future to ensure that our prosperity is underpinned by robust growth in key sectors right across the country.
“Whilst we fully embrace the industries of today, we must also have a clear plan for future growth, and the advisory council will play a central role in shaping and delivering this plan.”
