Industry
The question
To ask the Secretary of State for Business and Trade, if he will publish the sectoral analysis his Department undertook before selecting the IS-8 sectors in the Modern Industrial Strategy, published on 23 June 2025.
Answered by Blair McDougall
The methodology for selecting the IS-8 sectors has already been published.
The Invest 2035 Green Paper (published on GOV.UK in October 2024) identified 8 high-level ‘growth driving’ sectors (the IS-8): Advanced Manufacturing, Clean Energy Industries, Creative Industries, Defence, Digital & Technologies, Financial Services, Life Sciences, and Professional & Business Services. Pages 18-20 of Invest 2035 outline the methodology for identifying the IS-8 sectors.
Subsequently, the Technical Annex of the Modern Industrial Strategy 2025 (published on GOV.UK in June 2025) outlined the methodology for identifying the frontier industries within the IS-8 sectors.
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