Defence: Finance
The question
To ask the Secretary of State for Defence, whether he has met with representatives from the defence industry on the potential impact of the time taken to publish the Defence Investment Plan on closures of UK defence firms.
Answered by Luke Pollard
The Secretary of State for Defence and other Defence Ministers engage regularly with a wide range of industry stakeholders which make us aware of industry's requirements. These are through established forums, bilateral meetings, and routine commercial engagement, where we comply with market regulation on disclosure of information.
We have signed 4,010 Defence contracts since July 2024, including 1,335 with a value of £1 million or more, and spent more than £31 billion with UK industry last year – an above inflation increase in spending.
This Government has announced a billion-pound helicopter deal which secures 3,300 British jobs, boosts battlefield kit, and supports industry and exports. This demonstrates our commitment to strengthening sovereign industrial capability and modernising key battlefield support assets.
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