The UK’s Modern Industrial Strategy: national renewal for the whole country
The Modern Industrial Strategy prioritises eight industries that will define the 21st-century economy — a 10-year plan focused on increasing business investment to drive economic growth. It is about building great companies, creating high-quality jobs and supporting communities throughout the UK.
It is giving businesses the confidence to invest, grow and create jobs, thanks to a stronger partnership between business and government. This supports consistent, joined-up decisions being made across planning, energy, skills, regulation and finance.
The Industrial Strategy is working
In its first year, the UK’s Modern Industrial Strategy has:
- Generated £360 billion of private investment into priority sectors, supporting 120,000 jobs.
- Cut up to 90% off energy network charges for the most intensive users, with 10,000 more firms set to benefit from an average 25% discount from next year.
- Committed £1 billion to train people with skills for the future, including 29 Technical Excellence Colleges set to train 65,000 young people.
- Allocated £9 billion R&D in funding to help companies scale in the UK.
- Introduced new laws to deliver the most ambitious planning reforms in a generation, accelerating decisions and unlocking major infrastructure projects across rail, water, nuclear and aviation, and brought forward a bill to tackle late payments.
Eight sectors. Endless opportunity.
We are focusing on eight sectors with the greatest potential for growth, and the places where they are concentrated across the UK — connecting our economy around the industries of the future to give businesses the stability and confidence they need to make long-term decisions.
Success Stories
Robert Laycock CEO Marlow Studios
'Our creative industries are not just one of this country's greatest exports – they shape global culture and how billions of people around the world see the UK.
The Government's industrial strategy is crucial for Marlow Studios. Championing the creative industries as a priority sector is how we build the world-class infrastructure to secure the UK’s global creative leadership for generations to come.'
Ruth Chapman Executive Managing Director at Dulas Ltd
'InnovateUK helped us bring in specialist engineering expertise that's directly improving our products. That's the kind of practical support that helps a Welsh SME compete globally.'
Scott Winston Managing Director Pulpex
'Securing funding from the National Wealth Fund facilitated the construction of our first commercial factory in Glasgow. The changes introduced by the government’s Industrial Strategy, such as removing blockers to investment and growth have enabled investors to support UK businesses like ours more confidently.'
What's been achieved so far
The Industrial Strategy: One Year On
Support to scale and grow your business
Access a broad package of support designed to help businesses scale more quickly, at lower cost, and with greater ease, including
- • Step-by-step guidance through the practical steps to scale your business
- • Overview of funding, grants and financial incentives available
- • Information on events and networks relevant to your sector and industry
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