Defence: Industry
The question
To ask the Secretary of State for Defence, what assessment he has made of the potential merits of match funding for investments into defence businesses.
Answered by Luke Pollard
The Ministry of Defence does not operate a single centralised match funding scheme but does provide support targeted at strategically important defence areas. The Defence Industrial Strategy sets out a clear internet to improve the attractiveness of defence as an investment sector, recognising that government funding alone is insufficient to sustain future capability, and outlines measures to improve access to address barriers to investment.
The newly launched Office of Small Business Growth will help SMEs to attract investment, helping them to grow in the defence sector. Additionally, the Defence Investors Advisory Group strengthens engagement with the investment community to improve understanding of defence as an investable sector.
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