Defence: Insurance
The question
To ask the Secretary of State for Defence, whether his Department has received representations from small and medium-sized defence companies on challenges in obtaining insurance liability coverage.
Answered by Maria Eagle
The Ministry of Defence has been working closely with small and medium-sized defence companies to understand the difficulties they face. The Defence Industrial Strategy Statement of Intent, which was published in December 2024, recognised issues with regards to access to finance, including obtaining insurance liability coverage. The Department is consulting with a wide range of stakeholders, including defence suppliers and financial institutions, to assess the ways in which we can reduce barriers to investment and create a strong and resilient defence sector.
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