SUMMARY Following the announcement of the Spending Review on Wednesday 11 June 2025 and the Infrastructure Strategy on Thursday 19 June 2025 , in the UK’s Modern Industrial Strategy, the government is seeking to set out a cohesive plan to drive stable, sustainable, just and inclusive economic growth across the UK. It focuses on removing barriers to investment through better and more streamlined regulation, infrastructure, skills, research and development, energy and trade and targets eight “growth ‑ driving” sectors and high-potential sustainable growth regions.
The eight growth-driving sectors are:
- Advanced manufacturing - Clean energy industries - Defence - Digital and technologies
- Financial services - Life sciences - Professional and business services - Creative industries
The government states that the UK’s Modern Industrial Strategy will be anchored by a statutory Independent Industrial Strategy Council and built in partnership with business, unions, devolved governments and local authorities. The strategy aims to boost international and domestic investment, scale up businesses and catalyse high ‑ quality job creation nationwide. In this member briefing, we have summed up the key elements of the ten-year Modern Industrial Strategy with specific reference to policies affecting the North East.
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