On 23 June 2025, the UK Government adopted the UK's Modern Industrial Strategy (CP 1337). The 10-year plan aims to support sustainable economic growth by targeting 8 high-potential sectors: Advanced Manufacturing, Clean Energy Industries, Creative Industries, Defence, Digital and Technologies, Financial Services, Life Sciences, and Professional and Business Services. The strategy identifies barriers to competitiveness, including high industrial electricity prices, regulatory complexity, and skills shortages, and proposes measures to facilitate innovation, trade, and infrastructure investment. Instruments include the British Industrial Competitiveness Scheme, a GBP 4.3 billion commitment to research and development in Advanced Manufacturing, and the designation of Artificial Intelligence Growth Zones. The strategy also emphasises place-based development through support for regional clusters and city-region initiatives. It is designed to align with cross-government priorities such as the net zero transition, economic security, and the creation of high-quality jobs.
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