The UK government's new industrial strategy, Invest 2035, is a robust 10-year plan designed to provide the stability and certainty that businesses require to invest in high-growth sectors. Its aim is to attract a larger share of global investment in key areas and encourage domestic companies to increase their investments and expand, which is vital for achieving sustainable, inclusive, and resilient economic growth.
Name in original language
Invest 2035: The Uk's Modern Industrial Strategy
Initiative overview
The industrial strategy will be ambitious and targeted. Its primary objective is to drive growth, by taking advantage of the UK's unique strengths and untapped potential, enabling the UK's world-leading sectors to adapt and grow, and seizing opportunities to lead in new sectors, with high-quality, well-paid jobs. It will shape the type of growth being pursued. The government will also seek to support net zero, regional growth, and economic security and resilience. It will be grounded in long-term stability, a renewed commitment to free and fair trade, and a pro-business approach focused on reducing barriers to investment in the UK.The industrial strategy will focus on the sectors which offer the highest growth opportunity for the economy and business. Eight growth-driving sectors have been identified, including digital and technologies.
Who has primary responsibility for developing the national AI strategy?
Ministry
Name of responsible organisation (in English)
Department for Business and Trade (DBT)
Who has primary responsibility to implementing the national strategy?
Ministry
Name of responsible organisation for strategy implementation (in English)
Department for Business and Trade (DBT)
Budget information available?
Not available
To what extent do you have mechanisms or other efforts to involve stakeholders in strategy design, implementation and monitoring?
Expert consultation(s) and other engagement.,
Stakeholder consultation(s) and other engagement.,
Public consultation(s) and other engagement.
Video URL
Has this initiative been evaluated?
Yes
Are evaluation results public?
No
