Defence: Expenditure
The question
To ask the Secretary of State for Defence, what assessment he has made of the potential merits of increasing defence expenditure to 2.5% of GDP by 2030 for small businesses in supply chains.
Answered by Maria Eagle
Small and Medium-Sized Enterprises (SMEs) play a vital role in a vibrant and flexible UK defence industry, delivering innovation and supporting a wide variety of high quality jobs across the United Kingdom. The Strategic Defence Review and the Defence Industrial Strategy will both help make defence a more attractive market for SMEs by encouraging small businesses to contribute fully in Defence procurement and make the most of future growth within the Defence supply chain.
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