Research and analysis

The UK's Modern Industrial Strategy: year one

A one-year update on the delivery of commitments in the Modern Industrial Strategy.

• From: Department for Business, Innovation, Science and Trade and Department for Business and Trade
• Published: 8 July 2026
• Last updated: 24 July 2026 — See all updates

This was published under the 2024 to 2026 Starmer Labour government

Documents

Delivering the UK's Modern Industrial Strategy: year one

PDF, 25.3 MB, 66 pages

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Details

One year into the delivery of the Modern Industrial Strategy, government and business are working together to create opportunities across the UK, increase investment and strengthen key industries.

This update reports on:

• major milestones
• investment commitments 
• the next steps for delivery

Published 8 July 2026

Last updated 24 July 2026 — Show all updates

1. 24 July 2026

   Updated statistical figures and information for the life sciences, financial services, professional and business services, and defence sectors. Clarified information on the India Free Trade Agreement and the clean energy industries, creative industries, and life sciences sectors.

2. 8 July 2026

   First published.