Business and Trade Secretary Jonathan Reynolds and the Chancellor of the Exchequer Rachel Reeves have published a green paper to kickstart delivery of the Government’s modern Industrial Strategy.
The aim is to drive long-term growth in key sectors that is sustainable, resilient and distributed across the country.
The key sectors the Government will focus its modern Industrial Strategy are on advanced manufacturing, clean energy industries, creative industries, defence, digital and technologies, financial services, life sciences and professional and business services. 
Shevaun Haviland, Director General of the British Chambers of Commerce, said: “An industrial strategy is a key plank of the UK’s growth agenda; it is vital in securing the long-term stability that businesses need to plan ahead and invest.
“But it must deliver on that promise, and it needs to set out clearly how we will leverage the country’s competitive advantage. Alongside the key growth sectors of the economy, it must also integrate each region’s strengths into the plan.
“We need to send a message to the world that the UK is the best place to start, grow and invest in business, and create a new ‘Brand Britain 2.0’ that builds on the past but looks to the future.
“This means putting green and digital innovation at the heart of what we do, investing in infrastructure and skills, removing barriers to investment and putting more energy and resources into exporting. The more we sell to the world, the stronger our economy will be.
“Establishing a new supply chain taskforce, to increase resilience is also essential. The pandemic, war in Ukraine, and the Middle East crisis, have all highlighted the UK’s deep connectivity with global markets for energy, medicines, communications technology and manufacturing components.”
Find out more about the industrial strategy here.
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