Armed Forces: Finance
The question
To ask the Secretary of State for Defence, what assessment he has made of the adequacy of funding for the armed forces.
Answered by Ministry of Defence
The Defence Investment Plan is backed by a £15 billion increase in Defence spending power over the next four years and almost £300 billion of investment in Defence during that period. This places Defence on a sustainable financial footing and delivers the Strategic Defence Review's vision for a stronger, more resilient and more warfighting-ready force.
The Plan provides funding to strengthen military capability, rebuild readiness and invest in priority areas including the nuclear deterrent, munitions and missiles, integrated air and missile defence, cyber capabilities, autonomous systems, advanced digital technologies and defence infrastructure.
The Government has also committed to increasing defence spending to 3% of GDP in the next Parliament when conditions allow. Alongside NATO Allies, the UK has committed to reach 3.5% of GDP on core defence spending by 2035.
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