Industry: Data Protection
The question
To ask the Secretary of State for Business and Trade, with reference to the UK’s Modern Industrial Strategy, CP 1337, published on 23 June 2025, what progress he has made on extending smart data initiatives into relevant industrial strategy sectors.
Answered by Kate Dearden
The Industrial Strategy committed £36 million to advance Smart Data across the economy, including in growth-driving sectors. The Department for Business and Trade’s forthcoming Smart Data strategy will outline how this investment will be used to support scheme development in priority sectors. Work is progressing at pace - the Financial Conduct Authority has launched a Smart Data Accelerator for Open Finance; the Department for Energy Security and Net Zero is developing proposals for an energy scheme; and the Department for Science, Innovation and Technology has undertaken a call for evidence on Smart Data in digital markets.
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