This response the Department of Business and Trade Green Paper: Invest 2035 is part of the UCL Institute for Innovation and Public Purpose’s (UCL IIPP) publication series.
Explore more working papers and policy reports here.
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)
This response the Department of Business and Trade Green Paper: Invest 2035 is part of the UCL Institute for Innovation and Public Purpose’s (UCL IIPP) publication series.
Explore more working papers and policy reports here.