The UK Department for Business and Trade’s Invest 2035: The UK’s Modern Industrial Strategy consultation sought feedback on proposals to drive economic growth, foster innovation, and strengthen industrial capabilities. The aim is to shape policies for a resilient, future-oriented UK economy.
Professor Mariana Mazzucato and the UCL Institute for Innovation and Public Purpose (IIPP) submitted a response building on the work of the UCL Commission for Mission-Oriented Innovation and Industrial Strategy (MOIIS), chaired by Professor Mazzucato and Lord David Willetts. The commission introduced a bold framework redefining industrial strategy, shifting focus from sectoral to challenge-led approaches. It emphasised mission-oriented policies to tackle societal challenges, drive innovation, and enable sustainable, inclusive growth—work that remains foundational to policy debates today.
Author:
- Mariana Mazzucato | Founding Director and Professor in the Economics of Innovation and Public Value | UCL Institute for Innovation and Public Purpose (IIPP)