The UK Government’s newly unveiled Modern Industrial Strategy offers Chesterfield businesses a wealth of opportunities across sectors like advanced manufacturing, clean energy, life sciences, and digital innovation. The £165bn investment plan sets out a ten-year vision designed to fuel long-term growth.
Key measures include large-scale investments: £39bn for advanced manufacturing, £30bn for clean energy, and £31bn for creative industries, alongside £65bn directed at professional and business services. A significant £1.2bn per year is allocated for skills development, and £99m is earmarked for SME manufacturers through the expansion of the Made Smarter programme.
The Government has also introduced a new Business Growth Service, aiming to enhance access to support and funding, as well as reforms to planning procedures for faster project delivery.
Chesterfield’s established manufacturing sector and reputation for innovation make it a prime candidate to benefit from this strategy. However, the East Midlands Chamber is calling for further clarity on how the strategy will be delivered to ensure regional businesses can capitalise on these opportunities.
