The UK government has launched its modern Industrial Strategy to attract private investment into eight growth driving sectors, which include manufacturing and clean energy industries.

The strategy – the first launched in seven years - aims to drive long-term growth in key sectors that are “sustainable, resilient and distributed across the country”.

Eight growth sectors have been selected, but construction is not among them. They are advanced manufacturing; clean energy industries, creative industries; defence; digital and technologies; financial services; life sciences and professional and business services.

Business and trade secretary Jonathan Reynolds and the chancellor Rachel Reeves have published a green paper to kickstart delivery of the strategy.

The business secretary has pledged an end to instability adding “our modern Industrial Strategy will hardwire stability for investors and give industry the confidence to plan for the next 10 years and beyond”.

Clare Barclay, CEO of Microsoft UK, will chair government’s new Industrial Strategy Advisory Council, which will provide expert advice developed in partnership with business, unions, and stakeholders from across the UK.

Chancellor Rachel Reeves said: “I have never been more optimistic about our country’s potential.

“We have some of the brightest minds and greatest businesses in the world. From the creative industries and life sciences to advanced manufacturing and financial services.

“This government is determined to deliver on Britain’s potential so we can rebuild Britain and make every part of the country better off."

Microsoft UK CEO Clare Barclay added: “As chair of the Industrial Strategy Advisory Council, I will ensure the Council provides a clear and strong voice on behalf of business, nations, regions, and trade unions, as we invest for the future to ensure that our prosperity is underpinned by robust growth in key sectors right across the country.

“Whilst we fully embrace the industries of today, we must also have a clear plan for future growth, and the Advisory Council will play a central role in shaping and delivering this plan.”