EMBS MD, James Hall, looks at what we can expect from the UK’s Industrial Strategy.
The UK’s industrial strategy is expected to be finalised and unveiled by the Government in Spring 2025. Countless businesses and bodies have already published their responses to the initial announcement at the end of last year.
The strategy’s goal is to outline a clear strategic direction for the economy, identifying key growth sectors and address obstacles hindering economic expansion in regions with the most potential.
Furthermore, the Industrial Strategy 2035, also known as Invest 2035, represents a focused effort by the UK government to reshape the nation’s economy for sustainable, long-term growth. It is designed with a strong sector-specific approach.
The strategy aims to drive economic growth, foster innovation and enhance the UK’s global competitiveness. In addition, it seeks to position the UK at the forefront of emerging industries, boost productivity and ensure adaptability to global challenges. A key focus is placed on achieving net-zero emissions and promoting a green economy.
Here are the eight key sectors that Invest 2035 is prioritising:
Anything that supports growth is always positive. As ever though, the success of this ambitious plan hinges on effective recruitment. To realise the goals of Invest 2035, businesses across these key sectors must be able to attract and retain the skilled talent necessary to drive innovation and productivity. This requires not only addressing existing skills gaps but also anticipating future workforce needs. Recruitment agencies will play a critical role in connecting skilled professionals with the opportunities created by the strategy, ensuring that businesses can capitalise on the Government’s investment and drive the desired economic growth. Without a robust recruitment ecosystem, the strategy risks failing to translate its vision into tangible economic results.
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