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  • PRESS RELEASE : UK Trade Envoy visits Pakistan to boost trade [June 2025]

    PRESS RELEASE : UK Trade Envoy visits Pakistan to boost trade [June 2025]

    The press release issued by the Foreign Office on 23 June 2025.

    The UK Trade Envoy to Pakistan, Mohammad Yasin MP, has begun a 3-day visit to Karachi and Islamabad to encourage investment and long-term economic co-operation.

    The visit follows the UK’s launch of its Growth Mission and Modern Industrial Strategy. Invest 2035 sets out a ten-year plan to provide certainty and stability for businesses in high growth sectors such as clean energy, digital technologies, life sciences and advanced manufacturing.

    Over 200 British companies are operating in Pakistan, with the top five contributing around one percent of Pakistan’s GDP. The UK is Pakistan’s largest European trading partner and top source of foreign direct investment.

    Mohammad Yasin MP, UK Trade Envoy to Pakistan, said:

    “The UK and Pakistan already enjoy deep commercial ties, but there is much more we can achieve together. It is a place close to my heart, and I have seen over many years the enormous potential to help both our countries prosper. During my visit, I look forward to supporting efforts that unlock new opportunities and drive growth.”

    Mr Yasin will meet senior government stakeholders including Jawad Paul, Secretary for Commerce, and Minister Chaudhry Salik Hussain, Federal Minister for Overseas Pakistanis. He will also meet business leaders to strengthen trade and encourage investment.

    Mr Yasin’s visit will help pave the way for the UK-Pakistan Trade Dialogue, due to launch later this year. The Dialogue will offer a platform to grow exports, increase investment flows, address business environment concerns and identify opportunities for greater market access.

  • PRESS RELEASE : Fusion energy powers UK’s Industrial Strategy [June 2025]

    PRESS RELEASE : Fusion energy powers UK’s Industrial Strategy [June 2025]

    The press release issued by the Department for Energy Security and Net Zero on 23 June 2025.

    Government’s Industrial Strategy, announced today, puts fusion energy at the heart of driving innovation, economic growth and energy security.

    The UK is investing £2.5 billion over 5 years to lead the global race for fusion energy, with the STEP programme at its core. STEP (Spherical Tokamak for Energy Production) is the UK’s flagship fusion programme, aiming to deliver a prototype fusion power plant by 2040 at West Burton, Nottinghamshire. Built on the site of a former coal-fired power station, STEP is delivering a ‘fossil to fusion’ mission and will create thousands of jobs, as well as acting as an anchor for a new industrial ecosystem in the region as part of the East Midlands Combined Authority’s Clean Energy Supercluster along the River Trent. Delivered by UK Industrial Fusion Solutions (UKIFS), STEP is a cornerstone of the UK’s clean energy and industrial future.

    The Industrial Strategy features STEP as a case study for fusion energy development, alongside further workstreams in the sector, such as the UK Atomic Energy Authority’s (UKAEA) Fusion Futures careers programme. Today’s announcements serve to highlight the government’s support for the sector and confidence in the STEP programme’s progress to date.

    The Industrial Strategy also highlighted the UKAEA’s Fusion Futures programme, which aims to support skills and training in the sector, to stimulate supply chain activity and foster international collaboration. The UKAEA are the STEP Programme’s Fusion Partner and this work will support the shared aim to develop a strong UK fusion supply chain that can deliver commercial fusion power plants in the future.

    Other recent UK fusion milestones include a UKAEA–ENI fusion energy fuels partnership announced in March, working to build the world’s largest tritium fuel cycle facility in the UK, and a £100 million investment boost via the Starmaker One fund from central government. Fusion is already delivering spillover benefits in AI, robotics and advanced materials – securing the UK’s place at the forefront of clean technology.

    UKIFS CEO Paul Methven reflected on the Industrial Strategy announcement:

    The UK is at the forefront of global fusion energy research, and STEP is the flagship initiative poised to transform that leadership into commercial reality. By building our prototype fusion power plant in the East Midlands, we’re not only advancing clean energy but also creating high-quality jobs, driving innovation, and delivering economic growth both regionally and nationally.

    Maintaining our global edge in such a transformative technology demands ambition and today’s Industrial Strategy publication, with STEP at its heart, shows that government is rising to that challenge. We’re ready to turn this bold vision into action and ensure the UK leads the way in this exciting sector.

    Secretary of State for Energy Security and Net Zero (DESNZ) Ed Miliband visited UK’s Fusion Research Campus in Oxfordshire earlier this year, where he said:

    After scientists first theorised over 70 years ago that it could be possible, we are now within grasping distance of unlocking the power of the sun and providing families with secure, clean, unlimited energy.

    In the introduction within the Industrial Strategy today, he lists fusion as a key part of the government’s mission:

    (By delivering) fusion in the East Midlands we will deliver the benefits of our Clean Energy Superpower Mission to communities up and down the country.’

    The project offers exciting innovation opportunities and a chance to shape the future of clean energy. STEP is currently in dialogue with potential Construction and Engineering partners, with announcements expected this coming winter 2025/26.

  • PRESS RELEASE : National maternity investigation launched to drive improvements [June 2025]

    PRESS RELEASE : National maternity investigation launched to drive improvements [June 2025]

    The press release issued by the Department of Health and Social Care on 23 June 2025.

    The rapid national investigation into NHS maternity and neonatal services will provide truth to families suffering harm, and urgently improve care and safety.

    • It follows series of meetings between Secretary of State and bereaved families, with parents at heart of improving standards
    • It comes alongside package of immediate actions to boost accountability and safety as part of government’s mission to build an NHS fit for the future

    A rapid national investigation into NHS maternity and neonatal services has been ordered by Health and Social Care Secretary, Wes Streeting. This is to provide truth and accountability for impacted families and drive urgent improvements to care and safety, addressing systemic problems dating back over 15 years.

    This government inherited a situation where issues in maternity and neonatal care had been ongoing for some time and a series of independent reviews into local trusts had found similar failings in compassionate care – including the failure to listen to women, concerns over safety and issues with leadership and culture.

    The investigation will urgently look at worst-performing services in the country but also across the entire maternity system, bringing together the findings of past reviews into one clear national set of actions to ensure every woman and baby receives safe, high-quality and compassionate care.

    Crucially, it will be co-produced with clinicians, experts and parents all feeding in, following a series of private meetings last week between the Secretary of State and families who have been harmed or bereaved by failures in their care. It will begin its work this summer and report back by December 2025.

    The investigation comes alongside a package of immediate actions to improve care, including greater intervention by the Secretary of State and NHS Chief Executive to hold failing trusts to account – a key step in delivering the government’s mission to build an NHS fit for the future through the Plan for Change.

    Health and Social Care Secretary, Wes Streeting, said:

    For the past year, I have been meeting bereaved families from across the country who have lost babies or suffered serious harm during what should have been the most joyful time in their lives.

    What they have experienced is devastating – deeply painful stories of trauma, loss and a lack of basic compassion – caused by failures in NHS maternity care that should never have happened. Their bravery in speaking out has made it clear: we must act – and we must act now.

    I know nobody wants better for women and babies than the thousands of NHS midwives, obstetricians, maternity and neonatal staff, and that the vast majority of births are safe and without incident, but it’s clear something is going wrong.

    That’s why I’ve ordered a rapid national investigation to make sure these families get the truth and the accountability they deserve, and ensure no parent or baby is ever let down again. I want staff to come with us on this, to improve things for everyone.

    We‘re also taking immediate steps to hold failing services to account and give staff the tools they need to deliver the kind, safe, respectful care every family deserves.

    Maternity care should be the litmus test by which this government is judged on patient safety, and I will do everything in my power to ensure no family has to suffer like this again.

    The investigation will consist of 2 parts. The first will urgently investigate up to 10 of the most concerning maternity and neonatal units, including Sussex, to give affected families answers as quickly as possible.

    The second will undertake a system-wide look at maternity and neonatal care, bringing together lessons from past inquiries to create one clear, national set of actions to improve care across every NHS maternity service.

    The government is also today establishing a National Maternity and Neonatal Taskforce, chaired by the Secretary of State for Health and Social Care, and to be made up of a panel of esteemed experts and bereaved families.

    Sir Jim Mackey, Chief Executive at NHS England, said:

    Despite the hard work of staff, too many women are experiencing unacceptable maternity care, and families continue to be let down by the NHS when they need us most.

    This rapid national investigation must mark a line in the sand for maternity care – setting out one set of clear actions for NHS leaders to ensure high-quality care for all.

    Transparency will be key to understanding variation and fixing poor care – by shining a spotlight on the areas of greatest failure we can hold failing trusts to account. Each year, over half a million babies are born under our care and maternity safety rightly impacts public trust in the NHS – so we must act immediately to improve outcomes for the benefit of mothers, babies, families and staff.

    Kate Brintworth, Chief Midwifery Officer for NHS England, said:

    Through this rapid investigation and the immediate actions announced today, we are determined to transform services so that every family receives safe, personalised and dignified care at one of the most significant and vulnerable times in their lives.

    We know we have significant issues to address concerning safety and culture within maternity and neonatal services, and Black and Asian women and those in deprived areas still face worse outcomes, so we must redouble our efforts to improve care for all.

    The overwhelming majority of births in England are safe, and I’d urge all women to engage with their maternity service and raise any concerns they may have about themselves or their baby. Every birth matters and we will work to ensure all families trust their local NHS and feel supported through their maternity journey.

    This will address several issues facing maternity care in England. One area of focus will be addressing the devastating inequalities that women from Black, Asian and deprived backgrounds face. It will also look at a lack of compassionate care and concerns over safety.

    Speaking at the Royal College of Obstetricians and Gynaecologists (RCOG) World Conference today, the Secretary of State will outline a series of measures to immediately improve care.

    This includes:

    • the NHS CEO and Chief Nursing Officer will meet with trust leaders in the areas of greatest concern over the next month to drive forward urgent improvement, outline consistent expectations in changing culture and practice, and hold leaders to account for failing
    • a new digital system will be rolled out to all maternity services by November to flag potential safety concerns in trusts and support rapid, national action
    • an anti-discrimination programme to tackle inequalities in care for Black, Asian and other underserved communities

    Dr Clea Harmer, Chief Executive at Sands, said:

    Sands believes listening to and learning from the experiences of bereaved parents is vital to improving maternity and neonatal care. We are pleased that the independent safety taskforce will include parent representatives.

    We particularly welcome the inclusion of an anti-discrimination programme to help tackle inequalities in care for Black, Asian and other underserved communities. Sands, along with other organisations, friends and allies, have long campaigned for this.

    We look forward to working with the Secretary of State on this much-needed and long-overdue programme and to ensuring that concrete steps are taken towards real accountability and lasting systemic change.

    Vicki Robinson, Miscarriage Association Chief Executive, said:

    We welcome today’s announcement by the Secretary of State of a major investigation into NHS maternity services. While the scope of this inquiry is broad, we’re reassured to know it will include the voices and experiences of our community – those affected by miscarriage, ectopic pregnancy and molar pregnancy. With black women 43% more likely to experience miscarriage, it is especially welcome that these inequalities will be a key focus.

    At the Miscarriage Association, we are currently conducting a UK-wide survey which aims to improve care and support during and after miscarriage. We hope the findings will provide valuable insight for this NHS investigation, to help inform and improve pre-natal care across the board.

    We hope this investigation leads to meaningful learning, and to better, more compassionate care for anyone experiencing pregnancy loss in the future.

    Shauna Leven, Chief Executive Officer at Twins Trust, said:

    Twins Trust welcomes the national maternity investigation. Families expecting twins, triplets or more face significantly greater risks and are sadly more likely to experience baby loss. Too often, maternity services aren’t equipped to meet the specific needs of multiple pregnancies.

    Our Maternity Engagement Project, which audits NHS units against NICE guidelines, has reduced stillbirths and neonatal deaths, proving that tailored care saves lives.

    We urge the government to ensure families with multiples are heard. More investment is needed in staff training and resources so that maternity units can meet clinical care standards and deliver safe, compassionate care for all.

    Angela McConville, Chief Executive at National Childbirth Trust (NCT), said:

    This investigation has been won by the determination of bereaved families who have bravely spoken out about the devastating failures in NHS maternity care.

    The immediate investment package is a vital start to tackling deep-rooted inequalities, training frontline staff and improving the UK’s worst performing services.

    The national investigation must now move at pace to set out a clear, actionable plan for every NHS maternity and neonatal unit.

    We’ve seen first hand the power of co-creating solutions with women and parents. Real change can happen if the government listens, learns and builds a well-resourced, safe and equitable maternity system that works for all.

    Paul Rees MBE, Interim Chief Executive and Registrar at the Nursing and Midwifery Council (NMC), said:

    Every woman, baby and family has the right to expect safe and effective maternity care, wherever they are.

    We welcome this rapid investigation and look forward to working with the independent taskforce and the Department of Health and Social Care to drive forward urgent improvements and tackle the scourge of health inequalities.

  • Wes Streeting – 2025 Speech at RCOG World Congress

    Wes Streeting – 2025 Speech at RCOG World Congress

    The speech made by Wes Streeting, the Secretary of State for Health and Social Care, at the ExCel centre on 23 June 2025.

    Well thank you, Ranee, for your welcome, and thanks to the college for giving me this opportunity to address you today, and a warm welcome to those of you who’ve travelled from across the world to be here.

    The National Health Service began with a literal birth. Aneira Thomas, named after my predecessor Aneurin Bevan, was born at one minute past midnight on the 5th of July 1948.

    Since then, tens of millions of babies have been delivered by the NHS. Bringing new life into the world is a wonderful thing, and it’s great to be in a room full of the people who spend their professional lives supporting it. You know better than most that this is also a moment of risk and jeopardy for women and their babies, and that that risk is considerably higher than it should be because of the state of the crisis in our maternity and neonatal services here in the UK.

    Within the past 15 years we’ve seen appalling scandals that blew the lid on issues ranging from care, safety, culture and oversight. Morecambe Bay, Shrewsbury and Telford, East Kent, Nottingham. The last government responded with initiatives like Better Births in 2016 and the Maternity Transformation Programme. But despite improvements on some metrics, inequalities in maternal and neonatal outcomes have become more visible, not less.

    The rate of maternal deaths has been consistently rising. Babies of Black ethnicity are still more than twice as likely to be stillborn than babies of White ethnicity, and Black women are still 2 to 3 times more likely to die during pregnancy or shortly after birth than White women. Tragically, that gap is closing slightly, but partly because more White women are dying in childbirth. In September, the Care Quality Commission’s National Review of Maternity Services in England found that almost half of all trusts were rated as requiring improvement on safety. Another 18% were rated as inadequate.

    There is a widespread lack of staff and in some places a lack of potentially life-saving equipment, and some services don’t even record incidents that have resulted in serious harm. Taxpayers who are footing the bill for our failure to get a grip with everything else I’ve just said. It’s no wonder clinical negligence payouts have reached an all-time high – £2.8 billion last year, with maternity accounting for 41% of all the money paid out.

    These are the facts. But behind these alarming statistics are people and the lives that have been taken from them. I spent a lot of time with victims of NHS maternity and neonatal scandals and failures during the last year. Listening. Listening to them share with a total stranger the most personal, painful accounts of their experiences and the trauma that occurs when we fail them.

    When I say ‘we’, I don’t just mean the maternity units that failed them. I mean NHS leaders and managers that put protecting their reputations over protecting patients. Or when we put legal advice that says do not admit liability over doing what is right by families. I mean the regulators who failed to hold them to account. And I mean politicians, including me, because the first step in putting this right is being honest about our own mistakes and failures.

    And the truth is, we’re not making progress fast enough on the biggest patient safety challenge facing our country. And I know what that means. Because of the many hours I’ve spent with families left completely traumatised by our failure to get it right every time.

    When I visit the Nottingham families, they arrange themselves around the horseshoe table in date order, with those whose experience goes furthest back sat to my left, and the most recent sat to my right. The most recent was just last year, and I honestly dread the prospect of going to another meeting with another family arriving at that end of the table with another story to tell. This time, one that has happened on my watch.

    Across all of the meetings I’ve had every story is unique, but there are common themes. Some are there because their children died, some because their children suffered injuries that have left them with lifelong complications and disability. Others are women who suffered terrible life-changing injuries during childbirth, or fathers left traumatised and unsupported with severe mental health challenges.

    I’ve seen photographs of their children. I’ve seen the ashes of their children in the tiniest little boxes, and I’ve also seen more courage than I could ever imagine mustering if I had to walk a day in their shoes. Carrying the weight of their trauma.

    All of them have had to fight for truth and justice. They describe being ignored, gaslit, lied to, manipulated and damaged further by the inability for a trust to simply be honest with them that something has gone wrong. They talk to me about the trauma that they experience compounded time and time again. When a hospital trust or regulator simply turns their back on them, when all they’re searching for is answers.

    It’s their bravery that has brought me to the place that I am today. I want to say publicly how sorry I am. Sorry for what the NHS has put them through. Sorry for the way they’ve been treated since by the state. And sorry that we haven’t put this right yet. Because these families are owed more than an apology. They’re owed change, they’re owed real accountability and they’re owed the truth.

    So today I’m setting out a different approach to the one that’s failed before. We’re going to do it with rather than to these families. And we’re going to put the voices and experiences of mums, dads and children at the heart of our approach to improving quality, safety and accountability.

    Maternity safety will become the litmus test for all safety in the NHS. I’m taking personal responsibility for it as Secretary of State and as the staff leading maternity and neonatal services. I need your help because we’re a team and I can’t do this without you. I know the majority of births in England are safe, and I urge all women to engage with their maternity service and raise any concerns they may have about themselves or their baby.

    But for too long, those cases where things do go wrong have been swept under the carpet, and this cannot continue. I know I’m talking to an audience that will embrace this challenge. You will come to work every day to care for people. You are tired, tireless and dedicated in your work. I suspect you’re tired, too, with the pressures you’re under. You go to work to do the right thing, and every day there are healthy babies being delivered safely, with mums receiving great care.

    But we also know that staff are being put in an impossible position far too often. It’s the moral dilemma I’ve heard from midwives, obstetricians and neonatologists across the country. They feel conflicted because they don’t feel their maternity ward or neonatal unit is delivering a safe service every time, and they don’t want to work in an unsafe environment. So they consider leaving. But they also tell me that if they walk away, they’d be letting it down even further.

    This is not a choice any member of staff should have to face. And I’m aware that there’s a risk that we further demoralise a workforce that’s already been on its knees and felt battered working in an NHS in crisis. I also worry about the risk of causing unnecessary fear or anxiety among mums going into labour, and the dads and loved ones holding their hands through the experience is a dilemma I wrestle with all the time. But I won’t do any of us any favours if we’re not honest about the scale of the challenge, so that we can provide a response able to meet it.

    Over the last year, I’ve been wrestling with how we tackle the problems in maternity and neonatal units. And I’ve come to the realisation that while there is action we can take now, we have to acknowledge that this has become systemic. It’s not just a few bad units up and down the country. Maternity units are failing. Hospitals are failing. Trusts are failing. Regulators are failing. There’s too much obfuscation, too much passing the buck and giving lip service, too much shrugging at a cultural problem that we fail to address.

    Because of that, we have enormously wide race and class inequalities in maternity care. Women, especially Black, Asian and working class women, are not listened to or given the chance to be advocates for their own health. We have an implicit message from the system that tells women not to have a miscarriage at the weekend. We have women who are classed as having a normal birth still leaving traumatised and scarred. And most concerning of all, we have the normalisation of deaths of women and babies.

    We must stop and stop now with the mindset that these things just happen. Our inability to deal with this goes wider than maternity, in fact wider than our health service. It goes to the very core of how Britain responds to state failure.

    I should give a little context for my own outlook. I don’t have a conventional background for someone whose title is Right Honourable. I was born not far from here, actually, at the Mile End Hospital to teenage parents. I experienced poverty growing up and, beside a loving family, the reason I’m stood here today as a member of the British Cabinet is because the state got it right – in my case, council housing, a great state education, a welfare state that clothed and fed me.

    But I also saw the way the state often treats people from backgrounds like mine. The way the DSS [Department of Social Security], the social security staff talked to my mum like she was dirt at the bottom of their shoes. The fights my grandmother used to have with Tower Hamlets Council when she ran the local tenants union. So I came into office with a healthy degree of cynicism and scepticism about the state. That doesn’t often come naturally to those of us with left-wing politics who fundamentally believe in an active state.

    I’ll be honest with you, as I’ve listened to these family’s experiences of the state and NHS failure, that cynicism has boiled over into hot tears and real anger about what they’ve been put through and what they’re still living with. From the Horizon Post Office scandal to the infected blood scandal, the degradation of responsibility and trust in our institutions is compounding a cynicism and malaise at the ability of British politics, or even democracy, to deliver for people.

    This is a dangerous place for a country to be. If we do not admit the scale of the failure in maternity services, we’re condemning ourselves to etching that mistrust deeper. If we cannot admit openly that we as institutions and as a state have got this wrong, we will never be able to fix it or rebuild that trust. Too many children have died because of state failure, and I will not allow this to continue under my watch.

    So to face up to this, we have to change 2 fundamental things. First, we must ensure real accountability when things go wrong and give justice to those who’ve been wronged. Second, we must drive real improvements in maternity and neonatal care, which will require clear direction, a change of culture and for all of us to mobilise as a team to get this right.

    Today I’m announcing a rapid national investigation of maternity and neonatal services, co-produced to include the families who have suffered the worst injustices of maternity care, modelled on the Darzi investigation into the state of the NHS. This will be an evidence-based investigation setting out what’s going wrong and priorities for action. It will look in detail at up to 10 maternity units that are giving us greatest cause for concern. And it will report directly to me by Christmas.

    Crucially, the investigation team and terms of reference will be co-produced with the victims of maternity scandals. The investigation will also pull together the recommendations from the other reviews that have taken place to assess progress and provide clarity and direction for the future, so that everyone in the system knows what they’re working to.

    I’m currently discussing with Leeds families the best way to grip the challenges brought to light in that trust by their campaigning reports in the media and the latest CQC report, and I’ll be ordering an investigation into 9 specific cases identified by families in Sussex who are owed a thorough account of what happened in those cases.

    I’m also establishing a National Maternity and Neonatal Task Force, which I will chair, bringing together experts, staff, campaigners and representatives of families to help me drive improvement across the NHS.

    We will call on international colleagues so that we understand what works and how to learn from the best and take to the rest, and the Royal College will have a really important role to play in that. I will also continue to meet families throughout the year, to give them a chance to hold me to account and provide them with a direct route to feedback.

    To me, the taskforce will answer some of the most pressing issues the families have put at the top of the list. Namely, how can we ensure that women and their partners are always listened to when they raise concerns about their pregnancy or labour? What else should we be doing to save babies and women from dying or being severely harmed? How do we get better at spotting when things go wrong in units, and how do we tackle this before it grows?

    We’ll also bring in a package of measures to start taking action now, increasing accountability across the board and bringing in the cultural change we need to see within the next month. The NHS Chief Executive, Jim Mackey, and Chief Nursing Officer, Duncan Burton, will meet the trusts of greatest concern including Leeds, Gloucester, Mid and South Essex, and Sussex to hold them to account for improvement working with the NHS leadership.

    I will set strong and consistent expectations for trust chairs, chief executives and boards, with overhauled oversight and performance frameworks and a new performance dashboard. We’ll roll out the new MOSS digital system to flag potential safety concerns and trust much earlier, and support rapid action and roll out a national maternity and neonatal inequalities data dashboard.

    Our 10 Year Plan and upcoming Dash review will look to tackle this safety crisis at its root, with an overhaul of the wider patient safety landscape. We will work to declutter this crowded landscape so that the patient experience works for patients again. I brought Mike Richards back to the CQC as chair to turn around that failing organisation, and I will work closely with him to make sure that the commission is working effectively on behalf of patients and the public.

    Together, these measures will create real accountability, cut through the noise to prevent patterns spiralling and work towards tangible improvements for women and babies. I’m also going to do this with you, as well as the Royal College of Midwives and the other colleges and professional bodies.

    The Royal College has a reach across the globe and there are maternity professionals from many, many countries here today. These challenges and maternity care are not just in our country. I want to learn from the best systems internationally, and then to showcase how we are taking on the challenge of tackling inequalities across pregnancy and birth head on. Strong clinical leadership really matters. I can’t do this without you. I’m committed to doing this with you, not to you.

    So I know some of what I’ve said today will have been tough to hear, especially for people who give up their time early on a Monday morning to be here because you care about delivering safe and high quality care, and you take pride in your profession. Together, we’ll make sure that women and their partners feel heard and listened to, to make every birth a safe birth, to make high quality the hallmark of maternity services in this country and to banish avoidable maternity and baby deaths to the history books. So I’m looking forward to working with you in that endeavour.

    Thank you very much.

  • PRESS RELEASE : £380 million boost for creative industries to help drive innovation, regional growth and investment [June 2025]

    PRESS RELEASE : £380 million boost for creative industries to help drive innovation, regional growth and investment [June 2025]

    The press release issued by the Department for Culture, Media and Sport on 23 June 2025.

    Thousands of creative professionals and businesses across the UK are set to benefit from a new £380 million investment package as part of the Creative Industries Sector Plan.

    • £380 million in targeted funding to support innovation, access to finance, R&D, skills and regional growth across the UK as part of Creative Industries Sector Plan
    • Sector Plan set to nearly double business investment in creative industries to £31 billion by 2035 with 2,000 new film and TV apprenticeships to be delivered
    • Comes as part of Industrial Strategy which sets out government’s ten-year plan to make the UK the best place to do business and unlock growth as part of the Plan for Change
    • New Creative Content Exchange will be a marketplace to sell, buy, license and enable permitted access to digitised cultural and creative assets

    From grassroots music venues to world-class film studios, thousands of creative professionals and businesses across the UK are set to benefit from a new £380 million investment package.

    The investment underpins the Creative Industries Sector Plan, which sets out a clear direction on how the Government aims to build a sector that drives regional growth, is financially resilient and is globally competitive.

    Published alongside the Government’s Industrial Strategy today (23 June), the plan outlines a bold vision to nearly double business investment in the sector by 2035 – from £17 billion to £31 billion – cementing the UK’s position as a global creative superpower.

    The £380 million package is part of the wider plan to deliver targeted investment to create thousands of new jobs and opportunities in sub-sectors like film and TV, music, performing and visual arts, video games and advertising, while generating economic growth in six regions outside London over the next three years.

    The wider plan also includes a significant increase in support available from the British Business Bank (BBB), as part of its £4 billion Industrial Strategy Growth Capital, which will help creative businesses grow and create jobs.

    The Sector Plan aims to make the UK the best place globally to invest in creativity and drive innovation and tech adoption by 2035, with targeted support for:

    • A £150 million Creative Places Growth Fund for six regions outside London, empowering local Mayors to support creative businesses in their communities with access to finance, mentoring and networking opportunities to help them connect with investors and skills programmes.
    • At least £50 million for a new wave of Creative Industries Clusters across the UK to accelerate research and development, doubling investment from UK Research and Innovation (UKRI) in clusters to £100 million. Clusters bring together universities, businesses, local and regional policymakers, and private funders to drive research, innovation and growth in the creative industries.
    • £25 million for five new innovative UKRI CoSTAR R&D labs and two showcase spaces, which will develop cutting-edge technologies like those used in Abba Voyage and award-winning theatre productions such as last year’s Olivier Award-winning stage adaptation of The Picture of Dorian Gray.

    Building on the Government’s commitment to ensure a robust copyright regime and support UK IP, the plan includes the establishment of a Creative Content Exchange. It will act as a trusted marketplace for selling, buying, licensing and enabling permitted access to digitised cultural and creative assets, opening up new revenue streams for content owners.

    The industry plan responds directly to what the sector has said it needs – better access to finance, stronger skills pipelines, and support for innovation – and lays out a roadmap to deliver it.

    This includes upskilling the next generation of creative talent through a £10 million investment in the National Film and Television School (NFTS) which will help to train 2,000 new trainees and apprentices over the next decade – backed by industry giants such as the Walt Disney Company, the Dana and Albert R. Broccoli Foundation, and Sky.

    The investment will also go towards a new £9 million creative careers service, which will help raise awareness of opportunities and provide pathways into the sector for young people.

    The UK’s leading creative industries, recognised across the world, are a major driver of economic growth as part of the Plan for Change – driving in £124 billion a year to our economy and employing 2.4 million people across the UK. Over the last decade the sector has increased its output more than one and a half times faster than the rest of the economy.

    Culture Secretary Lisa Nandy said:

    Our creative industries are powerful economic drivers in this country. By placing them at the heart of our Industrial Strategy this Sector Plan, backed by £380 million of investment, will boost regional growth, stimulate private investment, and create thousands more high-quality jobs.

    This Sector Plan will help nearly double business investment to £31 billion by 2035, supporting our mission to raise living standards everywhere as part of our Plan for Change, ensuring the UK remains the world’s creative powerhouse.

     Business and Trade Secretary Jonathan Reynolds said:

    The UK’s creative industries are world-leading and have a huge cultural impact globally, which is why we’re championing them at home and abroad as a key growth sector in our Modern Industrial Strategy.

    We’ve seen the power of investment, with this Government welcoming around £100 billion into the UK since taking office, and our Strategy will not only ensure that the UK is the best country to invest and do business in, but deliver economic growth that puts more money in people’s pockets.

    Sir Peter Bazalgette, Co-Chair, Creative Industries Council, said:

    This ambitious plan for growth represents a coming of age for the creative sector. Crucially the plans for R&D funding and Access to Finance for SMEs are exciting step changes.

    Baroness Shriti Vadera, co-chair of the Creative Industries Council, said:

    This strategy recognises that the UK Creative Industries are one of the most innovative sectors in the UK economy and have a strong comparative advantage internationally. The work now begins to cement their role as a driver of growth and a global creative super power.

    The investment also includes tailored packages for high-growth sub-sectors through:

    • A £75 million Screen Growth Package supporting UK content development and international investment, and showcasing the best of UK and international film. This includes an enlarged UK Global Screen Fund and scaled-up BFI Film Academy to support 16–25 year olds from underrepresented backgrounds to enter the film industry.
    • A Music Growth Package worth up to £30 million, helping emerging artists break through at home and abroad. Measures will create new touring, performance, mentoring and export opportunities for emerging talent, while also delivering a significant uplift in funding for the grassroots sector to support small venues and help them to platform more high-potential artists.
    • A £30 million Video Games Growth Package, backing the next generation of start-up games studios and developers. This will drive inward investment in the sector through expansion of the UK Games Fund (UKGF) as well as new support for the London Games Festival.

    The Sector Plan also includes support for emerging fashion designers through the British Fashion Council’s NEWGEN programme, to help them showcase their work at London Fashion Week and secure business mentoring.

    The Creative Industries Sector Plan maps out in detail how the Government will support the sector to grow even further over the next decade through a focus on boosting regional growth, innovation, access to finance, skills and exports.

    It will also see the Department for Business and Trade ramp up the number of creative trade missions and markets it targets, such as in the Asia-Pacific. Funding will be increased for major creative trade shows such as SXSW and Cannes Lions.

    The Sector Plan was developed in partnership with the Creative Industries Taskforce, Creative Industries Council, businesses, devolved governments, and regional stakeholders. It builds on the recent £270 million Arts Everywhere Fund supporting cultural venues across the nation.

    ENDS

    Notes to editors:

    • The full Creative Industries Sector Plan can be found here.
    • The British Business Bank (BBB) is a state-owned economic development bank established by the UK Government. Its aim is to increase the supply of credit to small and medium-sized businesses and provide business advice services.
    • The BBB has significantly increased its support for the creative industries as part of its £4 billion Industrial Strategy Growth Capital, including through support with debt and equity finance.
    • The new £150 million Creative Places Growth Fund will be devolved to six Mayoral Strategic Authorities: West Midlands, West of England, West Yorkshire, the North East, Liverpool City Region and Greater Manchester.
    • CoSTAR labs and the Creative Industries Clusters are delivered by the UKRI Arts and Humanities Research Council.
    • The new Music Growth Package worth up to £30 million follows the Government advocating for an industry-led levy on stadium and arena tickets to support grassroots music.
    • The establishment of a Creative Content Exchange will act as a trusted marketplace for selling, buying, licensing and enabling permitted access to digitised cultural and creative assets. This new marketplace will open up new revenue streams and allow content owners to commercialise and financialise their assets while providing data users with ease of access.
    • The Sector Plan follows the Government’s recent announcement of more than £270 million that will be invested in arts venues, museums, libraries and heritage buildings as part of the Arts Everywhere Fund, to help organisations in need of support to stay up and running, carry out vital infrastructure work and improve their financial resilience.

    Further quotes

    Caroline Norbury, Chief Executive, Creative UK, said:

    The Sector Plan signals that the creative industries are central to the UK’s growth story. From freelancers to scale-ups, this is a step towards the joined-up support our sector needs – and Creative UK stands ready to work with government and industry partners to turn ambition into action.

    As we move into delivery mode, it’s essential that all parts of the sector – from cultural organisations to creative tech firms – are empowered to grow, invest and contribute fully to the UK’s economic future.

    Ben Roberts, Chief Executive, BFI, said:

    We welcome the Government’s decision to put the creative industries at the centre of its growth strategy. The UK’s screen sector is already a global leader, generating billions for the economy and pioneering new ideas.

    With a firm focus on developing the sector across the UK, this investment can unlock fresh opportunities – from growing the sector’s talent pool and strengthening creative clusters nationwide, to opening new international markets for UK screen businesses and advancing creative technology innovation, including the CoSTAR work which the BFI is proud to be a partner on.

    UK Music Chief Executive Tom Kiehl said:

    UK Music welcomes the Government’s creative industries sector plan and the important status that it gives to music. The plan rightly recognises our world-beating £7.6 billion music sector as an essential high growth driving part of the creative industries.

    It is hugely welcome that funding packages and programmes are being made available to turbocharge the music industry and we are incredibly excited at the opportunity to be working with the Government to deliver on this.

    Barbara Broccoli, EON Productions, said:

    I’m thrilled the Government is joining forces with the National Film and Television School as part of its Industrial Strategy. The NFTS is a world-class institution that has trained some of the most talented members of our industry and I’m especially pleased this investment will focus on much needed support for persons with disabilities.

    Cecile Frot-Coutaz, CEO, Sky Studios and Chief Content Officer, Sky, said:

    Sky is proud to support the National Film and Television School’s expansion plans and growth ambitions, as part of the Government’s Industrial Strategy. As one of the world’s leading institutions for film, television and games, the NFTS plays a vital role in developing the UK’s creative talent. Our investment underscores our commitment to skills development and sector growth, and we’re excited to see future generations benefit from the school’s outstanding work.

    Jon Wardle, Director, National Film and Television School, said:

    The real world impact of the Sector Plan in action will be felt through the NFTS’s expanded ability to train world-class, diverse talent and fuel growth in a sector where the UK is a global leader. In a challenging climate for the creative industries, the support from the government isn’t just welcome, it’s strategic.  This investment in the NFTS reinforces a commitment to skills, innovation, and the long-term future of the creative economy.

    Wayne Garvie, President International Production, Sony Pictures Television, said:

    The NFTS is an unparalleled training ground for British creativity and it’s wonderful that the Government both recognises the importance of the film and television sector in its Industrial Strategy and the role the NFTS plays in developing the next generation of great British creative talent.

    Darren Henley, Chief Executive, Arts Council England, said:

    Ambition, excellence and innovation are the golden threads that run through the work of our artists, musicians, dancers, actors, writers, directors and producers. It’s what we’re famous for here at home and on the international stage. This new plan highlights the breadth and brilliance of our nation’s creative professionals and cultural organisations. It provides a roadmap for supercharging the growth of our sector and for nurturing the next generation of British talent, creating jobs across the country and delighting audiences here and around the globe.

    Andrew Georgiou, President & Managing Director for Warner Bros. Discovery UK & Ireland and Warner Bros. Discovery Sports Europe, said:

    We welcome this announcement confirming the government’s commitment to invest £380 million to turbocharge the UK’s creative industries. Their mission to drive growth across the country, unlocking new jobs and enabling talent to thrive in every nation and region, strongly resonates with Warner Bros. Discovery.

    We have a proud UK heritage – present for over 90 years, with a significant employee base which extends North to South across 5 cities. The UK is our biggest base outside of the US and, in our view, one of the best places in the world to do business. We remain committed to the UK and our ambition to grow and strengthen our sector and welcome the government’s announcement to do this. We look forward to a continued and productive relationship between Government and the industry.”

    Alison Lomax, Managing Director for YouTube UK & Ireland, said:

    We welcome the Creative Industries Sector Plan’s commitment to a robust framework for creatives across the UK. It’s particularly encouraging to see the government acknowledge the digital creator economy’s vital role in driving growth for our creative industries. By embracing new distribution models that boost our cultural exports, this vision will solidify the UK’s position as a global cultural superpower.

    Nick Poole OBE, Chief Executive, Ukie, said:

    On behalf of the UK’s world-leading video game and interactive entertainment sector, we welcome the measures set out today by the Government to supercharge our Creative Industries as part of the Industrial Strategy. Today’s announcement is both a validation of the huge cultural and economic impact of video games and an opportunity to show the world we are open for business.”

    Stephen Woodford, CEO, Advertising Association, said:

    Our industry welcomes the recognition of advertising as a priority sector for growth in the Creative Industries Sector Plan – we are a world leader in creativity as proven by our successful performance once again at Cannes Lions this year.

    This strategy is a platform for growth for the next decade across our regions and nations. We welcome the incentives to attract new talent to join our industry, and we commit to working together to strengthen work that helps businesses innovate, compete in the UK and internationally, and create jobs.

    Professor Christopher Smith, UKRI Creative Industries Champion, and Executive Chair of the UKRI Arts and Humanities Research Council, said:

    The creative industries are a powerful engine for growth in the UK economy but they are also vital for scientific advance. This Spending Review commits UKRI to a coherent and concerted strategic investment, from the UK’s national capability for the creative industries, CoSTAR, to the Creative Industries Clusters Programme and beyond.

    The deep synergies between creative content and the most cutting-edge science in universities and R&D intensive businesses across the UK place creative industries at the heart of UKRI’s commitment to excellent science for a growing economy.

    Professor Hasan Bakhshi MBE, Director of the Creative Industries Policy and Evidence Centre and Professor of Economics of the Creative Industries at Newcastle University, said:

    Today’s new Sector Plan for the creative industries sets out the Government’s priorities for the next 10 years, and the Creative PEC – thanks to our funder, the AHRC – stands ready to provide policymakers and industry with the data and evidence they need to enact it.

    The commitment to increase public investment in creative industries R&D is especially important, alongside the prioritisation of the sector by the British Business Bank. Also welcome is HMRC’s clarification that arts activities that directly contribute to scientific advance by resolving scientific or technological uncertainties fall within the definition of R&D for R&D tax reliefs. Together these measures should have a catalytic effect in driving more private finance into the sector.

    Mel Sullivan, Chief Executive, Framestore, said:

    The UK is home to highly skilled and exceptionally creative artists, technologists, and thinkers who push the boundaries of what’s possible. The Creative Industries Sector Plan is a powerful show of support to those working in visual effects, film, TV, advertising, and immersive experiences. It will release unlocked potential and open doors to a new wave of talent across the country, giving them the confidence to build their skills, ideas, and innovations here, cementing the UK’s position as a global leader for years to come.

  • PRESS RELEASE : Front line drone technology to fuel UK – Ukraine partnership [June 2025]

    PRESS RELEASE : Front line drone technology to fuel UK – Ukraine partnership [June 2025]

    The press release issued by 10 Downing Street on 23 June 2025.

    A landmark agreement between the UK and Ukraine to share battlefield technology has been reached today, boosting Ukraine’s drone production and linking up the UK’s defence industry with the cutting-edge technology being developed on the front lines in Ukraine.

    Prime Minister Keir Starmer and President Zelenskyy reached the agreement during the Ukrainian leader’s visit to Downing Street today.

    Technology data sets from Ukraine’s front line are set to be plugged into UK production lines, allowing British defence firms to rapidly design and build, at scale, cutting edge military equipment available nowhere else in the world.

    Ukraine is the world leader in drone design and execution, with drone technology evolving, on average, every six weeks.

    The agreement will allow that data to be shared with UK firms to quickly build and produce large numbers of drones for Ukraine’s front lines. It will also ensure a defence dividend continues to be delivered across the country – boosting Ukraine’s defence with deliveries of new equipment, while also supporting British jobs.

    Initial agreements between defence firms in both countries are expected to be rolled out in the coming weeks, with the aim of delivering Ukraine large numbers of battle-proven drones to continue to stave off Russia’s barbaric invasion over the coming months and years.

    Prime Minister Keir Starmer said:

    By harnessing Ukraine’s battlefield innovation and combining it with British industrial strength, we are not only accelerating support for Ukraine’s defence, we are also delivering security for working people through our Plan for Change.

    This agreement is not just about today’s fight, it’s about building the defence capabilities of tomorrow, together.

    The agreement, which covers the next three years, underscores the unbreakable friendship between the two countries, comes after the two leaders signed the 100-year partnership between the UK and Ukraine in January.

    The UK will also allocate up to £280m of bilateral assistance to Ukraine for financial year 2025-2026 today to keep the country in the fight and ensure Ukrainians living through Russia’s illegal invasion have access to vital support.

    The funding will support humanitarian, energy, stabilisation, reform, recovery and reconstruction programmes. Today’s extra funding takes the UK’s non-military support to Ukraine since the start of the invasion to over £5bn. This includes £4.1bn in fiscal support, and over £1.2bn in bilateral assistance.

    The industrial pilots and subsequent orders will be funded through the UK’s £4.5 billion of military support this year. It also delivers on the Strategic Defence Review’s recommendations for the UK Armed Forces to move towards a greater use of autonomy.

    Initially, the industrial partnership is expected to increase information and expertise sharing between the UK and Ukraine on drone-based air defence, but the agreement also paves the way for both countries to work on capabilities for the future, long after the war finishes.

    It comes after strong collaboration between UK and Ukrainian innovation and military teams and builds on the partnerships created through the UK’s joint leadership of the international drone coalition.

    The pilots and subsequent orders will be funded through the UK’s £4.5 billion of military support this year and the UK’s commitment to provide £3bn a year of military support to Ukraine in future years. It also delivers on the Strategic Defence Review’s recommendations for the UK Armed Forces to move towards a greater use of autonomy.

  • NEWS STORY : DWP Appoints New Interim Chair of The Pensions Regulator

    NEWS STORY : DWP Appoints New Interim Chair of The Pensions Regulator

    STORY

    The Department for Work and Pensions has appointed Kirstin Baker as the interim Chair of The Pensions Regulator, taking up the role from 1 August 2025. She will serve for up to nine months while the government completes the recruitment process for a permanent chair. Baker has been a senior independent board member at the regulator since 2016 and previously chaired its Audit and Risk Committee. Her appointment follows the departure of Sarah Smart, who has stepped down after serving as Chair since 2021.

    The role comes with a remuneration of £73,840 a year, based on a commitment of at least 104 working days. The Department said Baker’s appointment would ensure stability and continuity in the organisation’s leadership during a period of ongoing change in the pensions sector. Pensions Minister Torsten Bell welcomed the decision, saying he looked forward to working with Baker and valued the experience she brings from both her existing role at the regulator and her previous work in the civil service.

    Baker said she was delighted to be taking on the interim role and thanked her predecessor for her work. She noted her commitment to continuing the regulator’s priorities and helping to guide it through its next phase. Before her work in pensions, Baker had a distinguished career in the civil service, most recently as Finance and Commercial Director at HM Treasury. She was involved in managing the government’s financial response to the 2008 banking crisis, for which she was appointed a CBE.

  • PRESS RELEASE : DWP appoints new interim Chair of The Pensions Regulator [June 2025]

    PRESS RELEASE : DWP appoints new interim Chair of The Pensions Regulator [June 2025]

    The press release issued by the Department for Work and Pensions on 23 June 2025.

    The Department for Work and Pensions has announced the appointment of Kirstin Baker as the new Interim Chair of The Pensions Regulator (TPR), effective from 1 August 2025.

    Kirstin Baker will succeed Sarah Smart, who has held the post of TPR Chair.

    About the TPR:

    The Pensions Regulator (TPR) is the UK’s statutory body responsible for ensuring the integrity of workplace pensions by making schemes and employers comply with their duties, providing strategic oversight of the pensions market and support innovation to enhance outcomes for savers.

    Minister for Pensions, Torsten Bell said:

    I am pleased to welcome Kirstin Baker as the Interim Chair of The Pensions Regulator (TPR). I look forward to working with her as she brings to bear the wealth of experience from her role as TPR senior independent board member.

    Kirstin Baker said:

    I am delighted to take on this interim chair role while a competition is undertaken for the next full-term chair of The Pensions Regulator.  I would like to thank Sarah Smart for all the work she has done as TPR chair and look forward to building on this.

    Kirstin Baker is currently the Senior Independent member of the TPR Board. She was appointed a Panel Inquiry Chair and Panel Member Non-Executive Director of the Competition and Markets Authority (CMA) Board on 1 September 2018 and is also a member of the Audit and Risk Committee. She stepped down from the board in March 2024 but remains a Panel InquiryChair.

    Kirstin had a long career in the civil service and was most recently HM Treasury’s Finance and Commercial Director. Earlier in her career she was part of the senior team leading the Treasury’s response to the banking crisis and was awarded a CBE for this work.

    The TPR Interim Chair

    Kirstin Baker appointment starting from 1 August 2025 for a period of up to 9 months.

    In her capacity as Interim Chair, Kirstin Baker is entitled to an annual remuneration of £73,840, based on a minimum time commitment of 104 days per annum.

  • PRESS RELEASE : First RAF flight for British nationals leaves Israel [June 2025]

    PRESS RELEASE : First RAF flight for British nationals leaves Israel [June 2025]

    The press release issued by the Foreign Office on 23 June 2025.

    As announced by the Foreign Secretary in the House of Commons, A RAF flight to take vulnerable British nationals and their dependents out of Israel and the Occupied Palestinian Territories (OPTs) has departed this afternoon.

    • The RAF flight to transport vulnerable British nationals and their dependents out of Israel and the OPTs left today
    • Further flights will be based on demand and the latest security situation
    • British nationals should continue to register their presence in Israel and the OPTs to be contacted with further guidance on potential further flights

    Addressing the House of Commons today, the Foreign Secretary announced the first RAF flight to help vulnerable British nationals wanting to leave Israel and the OPTs has taken off this afternoon (23 Jun) from Tel Aviv’s Ben Gurion Airport.

    The flight is for vulnerable British nationals plus their immediate family members who are eligible to travel. All passengers must hold a valid travel document and non-British immediate family members require valid visas/permission to enter or remain that was granted for more than six months.

    The government has worked with partners in recent weeks to enable this flight to operate, with further flights to be considered depending on demand and the latest security situation on the ground. British nationals in Israel and the OPTs urged to continue to register their presence to be contacted with further guidance on any future flights.

    Foreign Secretary David Lammy said:

    Throughout the crisis, the safety of British Nationals in the region has been our top priority. That is why the UK Government is working with the Israeli authorities to arrange RAF and charter flights to help those wanting to leave.

    Today’s flight will bring British nationals and their dependents safely back to the UK. While the situation in the Middle East remains volatile, we are working around the clock to secure more flights and bring more people home.

    Due to ongoing restrictions in Israeli airspace and the security situation on the ground, the government used an RAF A-400M aircraft for the flight from Tel Aviv to Cyprus – with passengers due to transfer on to a civilian charter aircraft for the onwards journey to the UK this afternoon.

    Those eligible for the flights will be expected to pay for their seat – and payment will be taken on registration via the flight booking form. This fee will be refunded to those who are not allocated a seat – in line with the government’s approach to previous charter flights from the region.

    UK Government officials have been working around the clock to keep British nationals safe, with consular officers deployed to the border in Jordan and extra consular support based near the border in Egypt. These officials are on hand to provide advice on onward travel to British nationals crossing and support to vulnerable British nationals.  FCDO Rapid Deployment Teams are working across the region to bolster the support offered by British Embassy officials.

    British nationals should continue to register via the Register Your Presence portal that will be used to confirm any further details in due course.

    Commercial flights are continuing to operate from Egypt and Jordan, and international land border crossings to these countries remain open.

    The situation remains volatile and the government’s ability to run flights out of Israel and the OPTs could change at short notice.

  • PRESS RELEASE : Industrial Strategy to boost growth and jobs in Wales [June 2025]

    PRESS RELEASE : Industrial Strategy to boost growth and jobs in Wales [June 2025]

    The press release issued by the Wales Office on 23 June 2025.

    Modern Industrial Strategy will make the UK the best country to invest in and grow a business and support tens of thousands of new jobs in Wales.

    • Electricity costs for thousands of businesses to be slashed by up to 25%
    • UK Government to establish a centre for doctoral training in semiconductors, led by Swansea University
    • Welsh businesses to benefit from innovation funding, access to finance, faster grid connections and better-equipped sites for expansion.

    Wales is set for increased economic growth, billions in investment and tens of thousands of new jobs supported over the next decade as a result of the UK Government’s modern Industrial Strategy, which is published today (Monday 23 June).

    The Strategy contains measures to forge a new relationship between business and government, making Wales and the UK the best place to start and scale up a business.

    It will unlock growth across Wales, targeting areas of strength from the country’s strengths in aerospace in North Wales to the world’s first compound semiconductor cluster in South Wales.

    More than 7,000 UK businesses are set to see their electricity bills slashed by up to 25%. British manufacturers currently pay some of the highest electricity prices in the developed world— in some cases, double the European average, while businesses looking to expand or modernise have faced delays when it comes to connecting to the grid.

    For too long these challenges have held back growth and made it harder for firms to compete globally. Today’s announcement marks a decisive shift — with government stepping in to support industry and unlock the UK’s economic potential.

    From 2027, the new British Industrial Competitiveness Scheme will reduce electricity costs by up to £40 per megawatt hour for over 7,000 electricity-intensive businesses in manufacturing sectors like automotive, aerospace and chemicals.

    These firms, which support over 300,000 skilled jobs across the UK will be exempt from paying levies such as the Renewables Obligation, Feed-in Tariffs and the Capacity Market — helping level the playing field and make them more internationally competitive. Eligibility and further details on the exemptions will be determined following consultation, which will be launched shortly.

    The UK Government is also increasing support for the most energy-intensive firms — like steel, chemicals, and glass — by covering more of the electricity network charges they normally have to pay through the British Industry Supercharger. These businesses currently get a 60% discount on those charges, but from 2026, that will increase to 90%. This means their electricity bills will go down, helping them stay competitive, protect jobs, and invest in the future.

    These reforms complement the government’s long-term mission for clean power, which is the only way to bring down bills for good by ending the UK’s dependency on volatile fossil fuel markets.

    The Industrial Strategy is a 10-year plan to promote business investment and growth and make it quicker, easier and cheaper to do business in the UK, giving businesses the confidence to invest and create 1.1 million good, well-paid jobs in thriving industries – delivering on this government’s Plan for Change.

    Wales is already punching above its weight in many of the growth driving sectors set out in the Industrial Strategy.

    The key measures for Wales are:

    • More than £4bn for the advanced manufacturing sector in the UK over the next 5 years. Wales has a leading advanced manufacturing sector with companies such as Airbus based in Broughton in north Wales.
    • UK Government to establish a centre for doctoral training in semiconductors, led by Swansea University, building on the world-leading cluster based in south Wales.
    • A Defence Growth Deal cluster to build on Wales’s major strengths. The top five Ministry of Defence suppliers all have a footprint in Wales.
    • A new British Business Bank champion for the Cardiff Capital Region to connect investors with businesses and kickstart growth.
    • £30m for a Local Innovation Partnerships Fund in Wales to work with the Welsh Government and Innovate UK to grow innovation.
    • The National Wealth Fund working with the Development Bank of Wales to identify and secure financing for investment projects in Wales.
    • Support for the UK’s city regions and clusters by increasing the supply of investible sites through a new £600m Strategic Sites Accelerator, enhanced regional support from the Office for Investment, National Wealth Fund, and British Business Bank, and more.
    • Strengthened support from the Office for Investment to help identify, shape and deliver strategic investment opportunities across the UK.

    Prime Minister Keir Starmer said:

    This Industrial Strategy marks a turning point for Britain’s economy and a clear break from the short-termism and sticking plasters of the past.

    In an era of global economic instability, it delivers the long term certainty and direction British businesses need to invest, innovate and create good jobs that put more money in people’s pockets as part of the plan for change.

    This is how we power Britain’s future – by backing the sectors where we lead, removing the barriers that hold us back, and setting out a clear path to build a stronger economy that works for working people. Our message is clear – Britain is back and open for business.

    Secretary of State for Wales Jo Stevens said:

    Wales has huge potential and our government’s Industrial Strategy will harness the strengths of our businesses and workforce to drive growth and create jobs.

    The strategy will support key sectors like aerospace and compound semiconductors while developing industries of the future like floating offshore wind where Wales is well-placed to be a world leader.

    Our modern Industrial Strategy is built to last and make Wales one of the best places to invest and do business. Working alongside Welsh Government we will boost growth, raise wages and create wealth across our country.”

    Business and Trade Secretary Jonathan Reynolds said:

    We’ve said from day one Britain is back in business under this government, and the £100 billion of investment we’ve secured in the past year shows our Plan for Change is already delivering for working people.

    Our Modern Industrial Strategy will ensure the UK is the best country to invest and do business, delivering economic growth that puts more money in people’s pockets and pays for our NHS, schools and military.

    Not only does this Strategy prioritise investment to attract billions for new business sites, cutting-edge research, and better transport links, it will also make our industrial energy prices globally competitive.

    Tackling energy costs and fixing skills has been the single biggest ask of us from businesses and the greatest challenge they’ve faced – this government has listened, and now we’re taking the bold action needed. Government and business working hand in hand to make working people better of is what this Government promised and what we will deliver.”

    Sarah Williams-Gardener, Chair of Fintech Wales, said:

    We are delighted to see financial services recognised as a key sector in this Industrial Strategy. We look forward to working closely with the Government to help unlock the sector’s full potential.

    The emphasis on AI and the compute power required to support its development is particularly welcome, as we begin to see generative AI driving innovation across financial services—empowering both providers and customers through the next generation of digital banking platforms.

    Frank Holmes, Founding Partner of Gambit Corporate Finance and Chair of the Cardiff Capital Region Investment Board, said:

    Today’s announcements mark a timely and important shift towards a connected, strategic approach to economic growth. The renewed focus on industrial strategy and SME finance speaks directly to the opportunities we are unlocking in the Cardiff Capital Region. We have backed innovative and scalable businesses like Whisper TV, showcasing how tailored regional finance can drive job creation, innovation and global reach.

    The UK’s commitment to extending SME access to finance aligns perfectly with the ecosystem we are building  in CCR as a proven delivery partner and a model for regional economic development.”

    Louise Harris, CEO of Tramshed Tech in Cardiff, said:

    The launch of the UK Government’s Industrial Strategy is a pivotal moment for our tech and innovation ecosystem. By aligning local strengths with national ambition, this strategy provides a powerful platform for Welsh businesses to grow, attract investment and lead in emerging sectors such as technology, advanced manufacturing, and creative industries.

    This strategy recognises that innovation isn’t just about technology in isolation – it’s about creating sustainable, high-quality jobs while tackling real-world challenges. This approach will create the perfect environment for startups and scale-ups to thrive, knowing they have both the infrastructure, skills and strategic support to take their innovations from Wales to the world.”

    The Industrial Strategy is a 10-year plan to promote business investment and growth and make it quicker, easier and cheaper to do business in the UK, giving businesses the confidence to invest and create good, well-paid jobs in thriving industries – delivering on this government’s Plan for Change.

    Investment from private companies is essential to creating new jobs, growing the economy and securing public services. That is why the Strategy will also introduce measures to make it quicker, easier and more profitable for businesses to invest in the UK, with the aim of significantly increasing businesses investment and in key growth sectors by 2035 and helping to create 1.1 million well paid jobs across all corners of the UK.

    It will realise Wales’ economic potential and raise wages and living standards to a level that the people of Wales deserve.

    The UK Government’s plans address the main barriers to growth, making it easier and quicker to do business and invest in Wales.

    The Strategy’s bold plan of action includes:

    • Slashing electricity costs by 20-25% to level the playing field for energy-hungry industries like chemicals and key growth sectors like automotive.
    • Unlocking billions in finance for innovative business, especially for SMEs by increasing British Business Bank capacity to £25.6 billion, crowding in tens of billions of pounds more in private capital.
    • Reducing regulatory burdens by cutting the administrative costs of regulation for business by 25% and reduce the number of regulators.
    • Boosting R&D spending to £22.6bn per year by 2029-30 to drive innovation across the IS-8, with more than £2bn for AI over the Spending Review, and £2.8bn for advanced manufacturing over the next ten years. This will leverage in billions more from private investors. Regulatory changes will further clear the path for fast-growing industries and innovative products such as biotechnology, AI, and autonomous vehicles.
    • Attracting elite global talent to our key sectors, via visa and migrations reforms and a new the Global Talent Taskforce.
    • Revolutionising public procurement and reducing barriers for new entrants and SMEs to bolster domestic competitiveness.

    Five sector plans have also been published today:

    • Advanced Manufacturing – Backing our Advanced Manufacturing sector with up to £4.3 billion in funding, including up to £2.8 billion in R&D over the next five years, with the aim of anchoring supply chains in the UK – from increasing vehicle production to 1.35 million, to leading the next generation of technologies for zero emission flight.
    • Clean Energy Industries – Doubling investment in Clean Energy Industries by 2035, with Great British Energy helping to build the clean power revolution in Britain with a further £700 million in clean energy supply chains, taking the total funding for the Great British Energy Supply Chain fund to £1 billion.
    • Creative Industries – Maximizing the value of our Creative Industries through a £380 million boost for film and TV, video games, advertising and marketing, music and visual and performing arts will improve access to finance for scale-ups and increase R&D, skills and exports.
    • Digital and Technologies – Making the UK the European leader for creating and scaling Digital and Technology businesses, with more than £2 billion to drive the AI Action Plan, including a new Sovereign AI Programme and targeting R&D investment at frontier technologies such as cyber security in Northern Ireland, semiconductors in Wales and quantum technologies in Scotland.
    • Professional and Business Services – Ensuring our Professional and Business Services becomes the world’s most trusted adviser to global industry, revolutionising the sector across the world through adoption of UK-grown AI and working to secure mutual recognition of professional qualifications agreements overseas.