Industrial Strategy and Missions: An evaluation of the role of social sciences in the ISCF

This report evaluates the role of social sciences in the Industrial Strategy Challenge Fund (ISCF) and its implications for the UK’s new industrial strategy, “Invest 2035: the UK’s Modern Industrial Strategy.” It aims to enhance understanding of how social sciences contribute to mission-oriented approaches in industrial strategy, with a focus on addressing significant societal challenges. The ISCF is designed to tackle pressing global issues through mission-led industrial policies. The research implements a structured literature review on mission-oriented innovation and an evaluative analysis of the ISCF, identifying best practices in mission-oriented innovation policies and key development stages, including formulation, design, and implementation. The report highlights the importance of integrating social sciences into these processes to effectively deliver innovative and inclusive solutions that inform policymaking, ultimately supporting the successful implementation of any industrial strategy.