The UK government has launched a transformative 10-year industrial strategy, placing ESG and carbon neutral strategy at the center of its economic vision. The plan pledges up to £2.8 billion in R&D for advanced manufacturing over five years, focusing on automation, digitalization, and commercialization to drive innovation and long-term sustainability. 

At the heart of the strategy is the Clean Energy Industries Sector Plan, aiming to more than double annual clean energy investment to £30 billion by 2035. Since July, the UK has already secured £40 billion in private clean energy investments, highlighting strong market momentum. 

A key feature includes a £700 million injection into Great British Energy, adding to a previous £300 million commitment, to develop domestic manufacturing for floating offshore wind platforms, hydrogen infrastructure, and electric cables. With additional co-investments from industry and the Crown Estate, total supply chain funding now stands at £1.7 billion. 

“This is the economic opportunity of the 21st century,” said Energy Secretary Ed Miliband. “We are building a clean energy economy that creates jobs, cuts emissions, and enhances energy security.” 

The broader strategy extends beyond energy, allocating significant funding across life sciences, creative industries, professional services, and digital technology. Notably, up to £600 million will be invested to develop an AI-ready Health Data Research Service, while £150 million will support creative sectors like gaming, music, and film. The UK also aims to position itself as a global leader in AI, quantum computing, cyber, and semiconductors. 

The UK’s renewed collaboration with the EU on energy and carbon pricing further supports cross-border carbon neutral strategy goals, including potential participation in the EU internal electricity market. 

With this bold plan, the UK strengthens its global leadership in ESG innovation, clean energy, and climate resilience, ensuring long-term sustainable growth. 

Source: 

https://esgnews.com/uk-commits-700-million-to-clean-energy-manufacturing-in-new-industrial-strategy/