UK Government to Support Advanced Manufacturing with New Modern Industrial Strategy

On June 23, the United Kingdom launched its Modern Industrial Strategy for 2025—a ten-year blueprint aimed at driving investment into the industries of the future. Designed to accelerate business growth and provide long-term stability, the strategy seeks to make it faster and easier for companies to invest with confidence. At its core are eight high-potential sectors they’re calling the IS-8: advanced manufacturing, clean energy, creative industries, defense, digital and technology, financial services, life sciences and professional and business services. What unites these diverse sectors? According to the UK government, they represent the greatest opportunities for sustainable growth.

As a part of the Modern Industrial Strategy, each of these sectors has a bespoke plan for attracting investment, enabling growth and creating high-quality, well-paid jobs. Five of those plans have been published so far, including the “Advanced Manufacturing Sector Plan.” In this document, Sarah Jones MP, Minister of State for Industry, highlighted the strengths of the advanced manufacturing industry. She testified that it is the backbone of the UK’s economy, directly supporting around 760,000 jobs and contributing more than £82 billion gross value added to the UK economy every year.

The Modern Industrial Strategy will encourage the AM industry to grow. (Photo Credits: UK Government)

Advanced Manufacturing Sector Plan

To further enhance the advanced manufacturing sector, it will be backed with up to £4.3 billion in funding, including up to £2.8 billion in research and design over the next five years. The idea is to unlock the combined strength of the UK’s public finance institutions, including £4 billion from the British Business Bank’s Industrial Strategy Growth Capital and £27.8 billion from the National Wealth Fund for future priorities.