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The UK launched the Modern Industrial Strategy in 2025, which aims to boost exporters by focusing on eight key growth sectors (such as Digital, Clean Energy, and Life Sciences) through targeted support, simplified regulations, improved infrastructure, and global partnerships.
In a speech on January 14th, the Business Secretary, Peter Kyle, set out the ambition to go toe-to-toe with the United States on economic growth.
The strategy focuses on eight key sectors, each with its own sector plan. The targeted sectors are:
- Advanced manufacturing
- Clean energy industries
- Creative industries
- Defence
- Digital and technologies
- Financial services
- Life sciences
- Professional and business services
The government is seeking to reduce regulatory burdens, remove trade barriers, and expand access to finance. The strategy aligns with the existing Trade Strategy to attract export-led investment.
https://www.gov.uk/government/collections/the-uks-modern-industrial-strategy-2025
The strategy seeks to achieve its goals through support mechanisms, which, with respect to exporting companies, are as follows:
- UK Export Finance (UKEF): Increased capacity, a new Small Export Builder for SMEs, and streamlined support for repeat overseas orders.
- Tackling Barriers: Using the new Ricardo Fund to address complex regulations and global standards.
- Services Superpower: Aiming for mutual recognition of qualifications to solidify the UK's leading role in services exports.
- SME Focus: Recognising the vast untapped potential in SMEs, with efforts to make exporting easier for them.
- Strategic Partnerships: Deepening collaboration with nations like Japan, Norway, South Korea, and exploring opportunities with Brazil, Mexico, and the Philippines.
Industry bodies have welcomed the strategy announcement and its focus on exporting and have also provided detailed responses. The Chartered Institute of Export said that among the key challenges to exporting companies with expansion potential were access to finance and availability of skilled workers.
Exporting companies that plan to grow should expect support through the mechanisms above.
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