Theresa May is due to announce details of the "Modern Industrial Strategy" at a regional meeting of the cabinet in the North West. The new plan will center on ten key strategic pillars, according to the release unveiled by the Prime Minister on Sunday. "We must become a more innovative economy and do more to commercialize our world-leading science base to drive growth across the UK," reads the first point, called "Investing in science, research, and innovation." The government is going to spend £4.7 billion ($5.85 billion) on the new strategy with the money steered to such areas as AI, "smart" energy technology, robotics, and 5G wireless. The project will improve living standards and drive economic growth across the whole country, according to Business and Energy Secretary Greg Clark.