- The UK government’s Industrial Strategy outlines major plans: energy cost cuts, increased R&D, skills investment, and telecoms funding.
- Industry voices from manufacturing, life sciences, and cybersecurity cite positive direction but warn the strategy’s success depends on clear, prompt delivery.
What happened: Industry reacts to UK’s new industrial strategy
The UK government has unveiled a new Industrial Strategy aimed at stimulating growth, reducing energy costs, and steering investment towards eight priority sectors—such as advanced manufacturing, clean energy, AI, and telecoms. Key measures include slashing electricity prices for 7,000 heavy‑energy manufacturers by up to 25% from 2027, and boosting R&D funding to £22.6 billion annually by 2029–30, including £2 billion each for AI and advanced manufacturing. Among other support, £275 million will train workers in critical industries, while £370 million is earmarked for telecoms R&D through Advanced Connectivity and the UK Telecoms Lab.
Also read: CityFibre boosts Ethernet services for UK businesses
Also read: Nebius enters UK market with Nvidia-backed AI infrastructure
Why it’s important
Industry reactions reveal cautious optimism. Business groups like Make UK have welcomed the long-term frameworks for energy, skills, and investment, while the life sciences sector stresses the importance of rapid implementation to restore international competitiveness. Cybersecurity firms also noted recognition of their sector as a frontier industry and look forward to regional support for hubs in places like Greater Manchester. However, analysts warn that details are lacking—particularly on the execution of energy relief and R&D plans—and urge scepticism over whether headline funding alone will drive the intended transformation.
