Chris Whitehouse, a political consultant and expert on medical technology policy and regulation at Whitehouse Communications , an advisor to MedTech suppliers, chair of the Urology Trade Association, and governor of the Anscombe Bioethics Centre , highlights a new government strategy that feature the potential economic contribution of the life sciences. Rachel Reeves, the UK’s Chancellor of the Exchequer and Jonathan Reynolds, Business Secretary, have published a new Modern Industrial Strategy setting out how government intends to deliver growth. The Strategy, Invest 2035 , will focus on the sectors which offer the highest growth opportunity for the economy and business.
Eight growth-driving sectors have been identified: advanced manufacturing clean energy industries creative industries defence digital and technologies financial services life sciences professional and business services Industry is being invited to comment on the strategy through a detailed online questionnaire which can be found here, by 24 th November. Feedback on the document, which has the status of a Green Paper, will be used to develop a full modern industrial strategy to be launched in Spring 2025. Building on the UK’s existing strengths in areas such as life sciences, renewables and emerging technologies – including AI – the UK, the paper argues, can grow the economy and project strategic leadership at the forefront of geopolitical competition, while being better placed to respond to future sho.
