The UK’s Modern Industrial Strategy

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HCWS725

The UK’s Modern Industrial Strategy

Statement made on 23 June 2025

Statement UIN HCWS725

Statement made by

Jonathan Reynolds

Secretary of State for Business and Trade

Labour

Stalybridge and Hyde

Commons

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.

Statement from

Department for Business and Trade

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This statement has also been made in the House of Lords

Department for Business and Trade

The UK’s Modern Industrial Strategy

Baroness Gustafsson

Minister of State

Labour, Life peer

Statement made 23 June 2025

HLWS723

Lords