Ministers launch modern Industrial Strategy to 'hardwire stability' for investors in Britain

Business Secretary Jonathan Reynolds said the plan would “hardwire stability” for investors ahead of Monday’s big business summit in London.

Ministers will today launch the government’s ‘modern industrial strategy’ - vowing to boost key sectors of the economy over the next decade.

Business Secretary Jonathan Reynolds said the plan would “hardwire stability” for investors ahead of Monday’s big business summit in London. “This is the next step in our pro worker, pro business plan which will see investors and workers alike get the security and stability they need to succeed,” he said - promising to give global investors a “ten year plan to choose Britain.”

The government has identified eight key sectors to focus on in the strategy - advanced manufacturing, clean energy industries, creative industries, defence, digital and technologies, financial services, life sciences, and professional and business services. And Clare Barclay, the CEO of Microsoft UK will chair a new Industrial Strategy Advisory Council, to provide expert advice alongside firms and unions across the UK. Mr Reynolds added: “Clare’s wealth of talent and experience will help ensure the Industrial Strategy delivers its mission of unleashing the potential of high productivity sectors to spur growth, spread wealth, and drive-up employment across the UK.”

Chancellor Rachel Reeves, who will also speak at Monday’s summit, said: “I have never been more optimistic about our country’s potential. We have some of the brightest minds and greatest businesses in the world. From the creative industries and life sciences to advanced manufacturing and financial services. This Government is determined to deliver on Britain’s potential so we can rebuild Britain and make every part of the country better off.”