Recommendation 35

The Cabinet Office should work with relevant sector bodies and Departments, to identify and publish a list of the ‘sovereign capabilities’ the Government wishes to develop for the nation. We recommend that the Government learns lessons from the approach taken under Japan’s Economic Security Promotion Act in developing the UK list. It should include both sectors of strength, and areas in which the UK overrelies on foreign suppliers. The Government should then put forward clear long-term investment plans, supported by the National Wealth Fund, to encourage domestic production of priority capabilities. (Recommendation, paragraph 125)