The Strategy is founded on "10 pillars" which the government's evidence shows will drive growth in United Kingdom business - as well as "sector deals" to boost growth in certain areas - such as automotive batteries.
It adds: "Support for skills, infrastructure, funding, small businesses and expanding global trade could further accelerate growth in what is already the fastest-growing sector of the United Kingdom economy".
CIF notes that the creative industries' inclusion in the policy is "a major step forward for a sector which has never been formally recognised in an industrial strategy before".
"We need a robust industrial strategy to prepare our economy for the challenges and opportunities of the digital revolution in manufacturing and other sectors".
"The Green Paper recognizes the leading expertise of the United Kingdom oil and gas offshore industry", Michael Burns, an oil and gas partner at law firm Ashurst, said in a comment sent to Rigzone.
Renewable technology and low carbon transport are the way forward - so it is great to see the government's focus on electric vehicles and on skilling up our workforce.
He added: "There are also important strands in the paper that are directly relevant to our sector, not least the focus on innovation and science".
In her foreword, the Prime Minister confirms the Industrial Strategy is a "critical part" of the government's plan for "post-Brexit Britain" and will see ministers take on a "new, active role" rather than "leaving businesses to get on with the job". As part of this, government will consider the role of centres of community learning and will review the option to introduce maintenance loans for higher technical education, of the kind government already supports in Higher Education.
Britain's Prime Minister Theresa May leaves the BBC's Broadcasting House in London, Britain, January 22, 2017.
The new plan will center on ten key strategic pillars, according to the release unveiled by the Prime Minister on Sunday. Online retail should also benefit from a commitment to become a more innovative economy by investing in science, research and innovation, and from a commitment to invest in skills, including digital.
We are building a modern and comprehensive Industrial Strategy for the long term, which we are doing in partnership with businesses and workers across the country.
A green paper will highlight the support the government is offering which includes addressing regulatory barriers, helping with trade deal and helping to establish institutions which encourage innovation and skills development.
Developing skills, especially in science, technology, engineering and maths, will also be a priority.
The green paper notes that work on resource efficiency and secondary raw materials would be supported by the Department for Environment, Food & Rural Affairs" (Defra) long-awaited and long-delayed 25-year plan, "which will set out a long-term vision for delivering a more resource-efficient and resilient economy'.
The strategy outlines 10 key pillars of focus, including the development of skills, upgrading infrastructure, delivering affordable energy and supporting businesses to start and grow. In some places and sectors there may be missing institutions which we could create, or existing ones we could strengthen, be they local civic or educational institutions, trade associations or financial networks.
The institutes will offer 15 core technical routes that will give learners the chance to gain the skills that are in demand by local employers and will be tailored to the needs of regional industries.