UK industrial strategy prioritises advanced manufacturing and life sciences

Rachel Reeves and Keir Starmer

Source: © Jacob King/POOL/AFP/Getty Images

Government will subsidise electricity-intensive industries as part of support for eight key sectors

The government calls the industrial strategy a 10-year plan to ‘make the UK the best country to invest in anywhere in the world’. It identifies eight sectors – the IS-8 – which it says have the highest potential for economic growth and therefore will receive the bulk of government industrial support.