US EditionUK to Issue 10-Year Industrial Strategy Aimed at Boosting Growth
- The UK Government plans to invest £380 million in the creative industries to solidify the country's position as a creative superpower, as announced by Culture Secretary Lisa Nandy.
- The investment includes £75 million for the film industry, £30 million for gaming start-ups, and £30 million for the music industry, supporting various projects.
- Business Secretary Jonathan Reynolds stated that the UK's creative industries are world-leading and essential for economic growth.
- The funding includes £25 million for research into cutting-edge technologies, including virtual avatars, while Lisa Nandy stated that the investment aims to boost regional growth, stimulate private investment, and create thousands more high-quality jobs.
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Creative industries to get £380m boost ahead of industrial strategy launch
The investment was announced by Culture Secretary Lisa Nandy.
·London, United Kingdom
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Britain’s new industrial strategy pledges massive development to the country's economy
The post Britain’s new industrial strategy pledges massive development to the country's economy appeared on BitcoinEthereumNews.com. The British government intends to slash the bills of electricity-intensive manufacturers by up to 25% from 2027. As part of an industrial strategy for the decade 2025-2035, this move could benefit more than 7,000 businesses, according to the government. Britain will seek to slash the electricity bills of thousands …
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