Industrial Strategy Green Paper - Vision for Economic Growth

The Industrial Strategy Green Paper outlines the UK government's vision for fostering economic growth through strategic investments and policies. It emphasises long-term stability and sector-specific interventions to drive productivity and investment.

The paper identifies key growth-driving sectors, including advanced manufacturing, clean energy, creative industries, defence, digital technologies, financial services, life sciences, and professional business services. It highlights the importance of creating a pro-business environment by addressing barriers such as skills shortages, infrastructure limitations, regulatory complexities, and energy costs.

The strategy also prioritises regional economic development, aiming to empower local authorities and devolved governments to support industrial clusters and high-potential cities. A statutory Industrial Strategy Council will be established to ensure policy continuity and effectiveness. The paper acknowledges the UK's strong research institutions, global trade position, and regulatory frameworks as foundational advantages while recognizing past challenges like low productivity growth and underinvestment. Through targeted interventions and collaboration with businesses, the government seeks to create sustainable, high-quality jobs and attract international investment. The finalized strategy is set for publication in June 2025.

https://www.gov.uk/government/consultations/invest-2035-the-uks-modern-industrial-strategy/invest-2035-the-uks-modern-industrial-strategy