Asked by: Baroness Caine of Kentish Town (Labour - Life peer)
Question to the Department for Business and Trade:
To ask His Majesty's Government which of the priority growth sectors in the Modern Industrial Strategy 2025 they have agreed sector skills plans with; and how much public investment has been committed to each priority growth sector over what period of time.
Answered by Baroness Lloyd of Effra - Baroness in Waiting (HM Household) (Whip)
We are developing, with industry, sector Jobs Plans for all growth-driving sectors identified by the Industrial Strategy, as well as construction. These plans will build on the Industrial Strategy Sector Plans and provide a clear direction of travel for government and industry to develop the domestic workforce together. The first of these plans to be published was the Clean Energy Jobs plan.
Firms in the eight Industrial Strategy sectors receive a wide range of investment, including via a range of sector-targeted programmes and the Public Financial Institutions, such as the British Business Bank (including £4 billion of capital specifically for the Industrial Strategy sectors), UK Export Finance and the National Wealth Fund. They are also supported by wider public investment into other policy interventions, such as skills. As part of the government's investment in skills across this Parliament, in addition to £1.2 billion of additional investment in skills per year by 2028-29, we have committed to sector skills packages including £187 million for digital skills and artificial intelligence learning; £182 million for engineering skills and £182 million to boost the defence talent pipeline.