Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what criteria his Department is using to identify the most critical (a) subsectors and (b) technologies within the eight priority sectors outlined in the UK’s Modern Industrial Strategy.
There is no single 'best' way to identify the most critical subsectors and technologies, so the Government has used a range of quantitative and qualitative evidence and judgement. We have considered metrics which relate to the Industrial Strategy's objectives of delivering sustainable, inclusive, and resilient growth and boosting business investment, such as wages, productivity, and the UK's international position to identify our current and emerging strengths. We have combined this with engagement with experts and stakeholders, including the Industrial Strategy Green Paper consultation, and multiple data sources. Further detail will be provided in the upcoming White Paper.