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Mon, Jul 7, 2025
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15 days ago, United Kingdom
Updated 13 days ago
UK Unveils 10-Year Industrial Strategy to Boost Growth, Innovation, Jobs
UK Unveils 10-Year Industrial Strategy to Boost Growth, Innovation, Jobs

UK Unveils 10-Year Industrial Strategy to Boost Growth, Innovation, Jobs

News summary

The UK government, under Prime Minister Keir Starmer's 'Plan for Change,' has unveiled a comprehensive 10-year industrial strategy aimed at driving long-term economic growth, job creation, and innovation across high-growth sectors. The strategy focuses on overhauling the skills system to reduce reliance on foreign labor, supporting advanced research and development in areas such as quantum computing, aerospace, clean energy, and digital technologies, and boosting creative industries with significant funding. Business minister Jonathan Reynolds announced £275 million for training in critical sectors like engineering and defense, while Finance Minister Rachel Reeves committed over £10 billion towards green infrastructure and industrial decarbonization. The plan also addresses challenges posed by high energy costs, with calls for government reforms and relief programs to support energy-intensive industries. Industry leaders have welcomed the investments as potential catalysts for growth, emphasizing the importance of investing in British talent and innovation to secure well-paid jobs and global competitiveness. Additionally, the government plans to incentivize collaboration between academia and industry to maximize technological spillovers and international partnerships.

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Coverage Details
Total News Sources
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Center
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Unrated
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Last Updated
13 days ago
Bias Distribution
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Story Coverage
alt
Yahoo! Finance
Left
UK to issue 10-year industrial strategy aimed at boosting growth
15 days ago
Read Full Article
alt
Reuters
Center
UK to issue 10-year industrial strategy aimed at boosting growth
15 days ago
Read Full Article
alt
Yahoo! Finance
Left
UK to issue 10-year industrial strategy aimed at boosting growth
15 days ago
Read Full Article
alt
Reuters
Center
UK to issue 10-year industrial strategy aimed at boosting growth
15 days ago
Read Full Article
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Center 50%
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