The publication of the Modern Industrial Strategy has laid the groundwork to support long-term growth, not just in this Parliament but beyond. Many months in the making, it has provided some clarity and reassurance across its eight growth sectors (IS-8), outlining approaches that will bolster the UK economy and foster partnership between industry and government.
However, as is often the case with the publication of such far-reaching policy documents, the hard work is yet to start with the onus now on the public and private sectors to expand on the ‘what' and clearly demonstrate the ‘how'. If unlocking investment, from both domestic bodies and in the form of Foreign Direct Investment, is so critical to growth, clearly mapping out how this Industrial Strategy will play out in real terms is key.
