As part of the UK's Industrial Strategy (Invest 2035), the UK Government has selected eight sectors in which it believes the UK is a specialist. These will be the focus of a more proactive industrial strategy going forward.
The sectors are: Advanced Manufacturing, Clean Energy, Creative Industries, Defence, Digital and Technologies, Financial Services, Life Sciences, and Professional & Business Services.
Using a combination of advanced manual and automated processes, these eight high-growth sectors will be added to company profiles and search, enhancing our existing market-leading company classification research and technology. You can find them in Advanced Search under the "Industries and Buzzwords" criteria.
How do we define Industrial Strategy 8 High Growth Sectors?
Advanced Manufacturing
Advanced Manufacturing refers to the integration of advanced science and technology into manufacturing processes. This includes any company that develops, produces, supplies or uses advanced manufacturing technology, such as robotics, AI software, 3D printing hardware/software, VR/AR software, advanced material components, wearable hardware, CNC machinery, and IoT devices for manufacturing. NB: This does not include companies that produce, supply, maintain or use basic manufacturing machinery or hardware.
Clean Energy
Clean Energy refers to energy generated from low and zero-carbon sources and methods of reducing carbon output. Generally included are renewable energy technologies such as solar, wind, tidal, hydroelectric, as well as nuclear energy which produces no greenhouse gas emissions. NB: This is more specific than the existing CleanTech buzzword – Clean Energy refers only to the energy sector.
Creative Industries
Creative Industries refers to services that heavily involve individual creativity, skill and talent. This includes any company producing, supplying, selling or providing creative goods or services, and companies offering services specialising in creative industries. NB: This does not include generalist retailers or suppliers, such as supermarkets, that sell creative goods alongside a large range of other products.
Defence
Defence refers to products and services directly for national military operations. This includes any company designing, manufacturing or distributing products or software aimed at the military and defence sector, such as military drones and surveillance, weapons development, and military cybersecurity software. This can also include non-weapons based products including clothing, food or medals.
Digital and Technologies
Digital and Technologies refers to software-driven tools and electronic hardware products and services, with automation, connectivity, data intelligence and integration as key attributes. This includes any company producing, supplying, selling or servicing electronic hardware or software products and services, including parts and components. NB: This does not include video game developers, publishers or retailers unless they also provide electronic hardware.
Financial Services
Financial Services refers to a range of monetary services, including banking, insurance, asset management and payment processing. This includes banking, accountancy, tax services, financial advisory services, asset management, payment processing, currency exchange, and insurance. NB: This does not include companies which develop or use blockchain technologies if they are not explicitly using it for financial purposes.
Life Sciences
Life Sciences refers to the research and application of biological science within healthcare. This includes any company providing healthcare research or producing/supplying healthcare technology or instrumentation, including software or hardware for clinical research and diagnostics. NB: This does not include companies providing basic healthcare services, such as hospitals and dentists.
Professional & Business Services
Professional and business services covers the broad suite of knowledge-intensive, advisory and administrative activities, and its enabling software, aimed at improving business performance and operations. This includes financial & compliance consultancy; strategy, management & head-office functions; people & workplace services; property & asset services; and technical & scientific services.