“The technology revolution is opening up immense possibilities for innovation and economic growth (including) AI and automation.”
With a goal to “Help innovative firms with high growth potential scale-up and grow in the UK” and “Increase tech adoption in the IS-8 to increase their productivity and competitiveness, acting on the findings set out in the Technology Adoption Review.”
Promoting trade and international cooperation (Ease, speed, and long-term stability for business, Page 34)
Stating that “International trade and investment play a crucial role in driving economic growth” and promising that “The UK will continue to be a champion of free and fair markets, as the best route to prosperity.”
In a section, entitled ‘Supporting our frontier industries’, the plan advises that:
“Industrial Strategy is not eight separate plans: it is a long-term vision to benefit the whole economy, backing our sectoral strengths to be more than the sum of their parts. The increasingly blurred boundaries between sectors in the modern economy mean that faster growth in our frontier industries will have significant spillover benefits for other sectors.” (Page 115)
“The UK is well-positioned to capitalise on these opportunities, with world-leading primes, innovative smaller businesses, a vibrant research ecosystem, collaboration between academia and industry, and expertise in a range of fields from precision engineering and 3-D printing to lightweight materials… Only through partnership between government and industry will we insulate the sector from these global headwinds and attract the transformative investment needed to automate, build resilience and develop cutting-edge skills… By 2035 the UK will be the best place in the world to start, grow, and invest in Advanced Manufacturing.” (Page 117)
Scale up innovation and automation, with increased deployment of state-of-the-art technologies, industrial robotics, AI, digital twins, and Internet of Things. (Page 118)
The full plan is available on the government website, along with an Advanced Manufacturing sector specific plan.