About the industrial strategy

The industrial strategy is looking at Britain’s future potential, for areas of the economy which are either a current success, and with more support could be strengthened further, or areas of the economy where currently the opportunity is small but has huge competitive potential.

The key areas under review are as follow:

  • Build on the UK’s strengths and extend excellence into the future.
  • Close the gaps between the UK’s most productive companies, industries, places and people.
  • Make the UK one of the most competitive places in the world to start and grow a business.

Certain sectors have already been given an early sector deal. These include the automotive industry, life sciences, industry 4:0, creative industries and nuclear. Work is already underway with these sectors to develop their key areas of policy and the government support they need.

The government hasn’t set a defined timetable for further sector deals. However, the deadline for the Tourism Sector Deal bid is the end of September 2017.

Next step: Find out more about the future of tourism