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My Rt Hon Friend the Secretary of State for Business and Trade (Jonathan Reynolds MP) has today made the following statement.
Today the Government has published and laid before Parliament its Industrial Strategy.
The UK’s Modern Industrial Strategy sets out our 10-year plan to transform business investment, grow the industries of the future, deliver economic growth and put more money in people’s pockets to deliver our Plan for Change.
The Strategy focuses on the high-growth potential sectors that will drive prosperity now and in the future: Advanced Manufacturing; Professional and Business Services (PBS); Clean Energy; Creative Industries; Digital & Technology; Financial Services; Life Sciences; and Defence. In tandem with the Industrial Strategy, the Government is today publishing on gov.uk Sector Plans covering the first five of these sectors, with others to follow in the coming months.
The Industrial Strategy follows on from the publication in November 2024 of our Green Paper entitled “Invest 2035: the UK’s modern Industrial Strategy”. Following publication of the Green Paper the Government has considered the views of thousands of stakeholders from business, industry, academia, unions, local leaders and the public.
Today’s publication sets out how we will tackle barriers to investment and growth and make the UK the best place in the world to start and grow a business.
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This statement has also been made in the House of Commons
This statement has also been made in the House of Commons