Industrial strategy puts R&D at heart of UK growth

The UK government has unveiled an industrial strategy aimed at making the UK the world’s most innovative nation by 2030 by investing £725 million to “transform” industries.

Ministers said about £80 billion could be invested in advanced technology in the next decade under plans to tackle the UK’S poor productivity.

The UK government will launch so-called sector deals covering life sciences, construction, artificial intelligence and automotive. A sector council will also be established to promote the food and drink sector, a move welcomed by the Scotch Whisky Association.

Scottish Secretary David Mundell said: “Scotland has a world-renowned reputation for industrial success and innovation, and today’s industrial strategy will build on that.”