Alongside the International Investment Summit on Monday 14 October, the Government launched a Green Paper setting out its plans for a new Industrial Strategy, Invest 2035: The UK’s Modern Industrial Strategy.
The paper sets out the government’s intended approach – the creation of a new statutory Industrial Strategy Advisory Council and a focus on creating a pro-business environment to support ‘eight growth driving sectors’. The eight sectors identified are: advanced manufacturing; clean energy industries; creative industries; defence; digital and technologies; financial services; life sciences; and professional and business services.
The Green Paper also identifies a number of core policy areas that are important for both the growth driving sectors and the pro-business environment:
- People and skills
- Innovation
- Energy and infrastructure
- Regulatory environment
- Crowding in investment
- International partnerships and trade
The full document is here.
The BRC will be responding to the areas raised in the Green Paper by the closing date of 24 November 2024. Please get in touch if you’d like to learn more.