Invest 2035: 8 high-value sector & subsector mapping guide
Join us in defining the UK’s high-value sectors and creating a shared evidence base for all national and local organisations involved in Invest 2035 industrial strategy. In collaboration with The Productivity Institute, we’ve mapped the relevant SIC and RTIC codes for the 8 key sectors. Download, review, and share your feedback.
Industrial Strategy Sector Mapping Guide
The Industrial Strategy Sector Mapping Guide provides a detailed framework for defining and measuring the 8 high-value sectors using our RTIC-driven approach. Here’s what you’ll find inside:
- Proposed sector definitions, mapped with RTICs and SICs.
- Methodology insights, developed with The Productivity Institute.
- How RTICs provide real-time, granular insights, enabling better tracking of emerging sectors.
- How RTICs and SICs work together to create a comprehensive, evidence-based framework.
This guide supports better decision-making, targeted policy interventions, and increased investment, providing a real-time view of the UK economy.. Our aim is to establish a shared evidence base across all national and local organisations involved in this ambitious strategy.
What’s new in V2?
This updated version builds on feedback from government, industry, and academia to improve and refine sector definitions and taxonomies. Here are the key updates:
- Sector Interactions: Digital and Technology, especially AI and Data Infrastructure, is highlighted as a critical enabling sector across all Industrial Strategy sectors.
- Machine Learning for Foundational Sectors: Exploring how machine learning can classify and analyse foundational economy sectors, such as Financial Services.
- Defence Sector: New Defence RTIC created; collaboration with Midlands Engine underway to expand further.
- Digital and Technology: Added FemTech, AI Ecosystems, and Future Telecoms Supply Chain RTICs; Robotics and Autonomous Systems moved to Advanced Manufacturing.
- Advanced Manufacturing: Relaunched Advanced Materials RTIC; added Space Sector Manufacturing, Electronics Manufacturing, and Robotics and Autonomous Systems.
- Life Sciences: Added Engineering Biology: Applications and Supply Chain and expanded SICs with input from SCI.
- Clean Energy Industries: Included Battery Supply Chains, created with DBT.
- Financial Services: Expanded definition using additional SIC codes.
Download our Industrial Strategy Mapping Guide V2
Download V2 of the Industrial Strategy Sector Mapping Guide today. We’ve incorporated audience feedback to improve the guide. This version includes a change log and a supporting spreadsheet for deeper analysis.
Why it matters: establishing a shared evidence base
The absence of reliable industrial classifications for frontier economy sectors, such as Advanced Manufacturing and AI, has led to fragmented mapping processes and inconsistent data.
Regions bidding for central funding often define sectors differently, making comparisons difficult and forcing them to claim leadership in multiple sectors rather than focusing on genuine strengths.
The result?
- Wasted resources on duplicate mappings.
- Inconsistent taxonomies produce unreliable results.
- National and local governments struggle to identify real sector clusters and measure funding impact.
Following the release of Invest 2035: The UK’s Modern Industrial Strategy green paper, we’ve collaborated with The Productivity Institute and industry experts to map 8 high-value sectors using RTICs and SICs.
Our guide provides a framework for consistent, real-time sector mapping, helping stakeholders address key challenges raised in Invest 2035 and enabling better funding, policy, and investment decisions based on accurate, actionable data.
Collaborate with us
Thank you to everyone who contributed valuable feedback on V1 and helped us shape V2, which is now available to download.
Let’s keep the conversation going, review V2 and share your thoughts as we work towards V3 and establishing a consensus.
We’re inviting feedback from policymakers, businesses, investors, researchers, and all stakeholders to help refine and improve our approach. We want to know:
- Do our RTIC and SIC code selections align with your understanding?
- Are there additional subsectors or RTICs we should map?
- Who else should we involve in this process?
Share your feedback by filling in our survey or get in touch directly at [email protected].
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