The long-awaited Defence Investment Plan has been published. The Plan is backed by £298bn of investment over the next four years. It aims to transform our Armed Forces, delivering on the vision of the 2025 Strategic Defence Review, as we move to warfighting readiness, back British jobs and businesses,and show UK leadership as we step up European security.
Industry stands ready to support the delivery and implementation of the plan.
Read ADS’ flash reaction from Kevin Craven, ADS Chief Executive:
“We welcome the Defence Investment Plan. We recognise that the environment in which we are all operating is not without its challenges, and we commend the inroads taken by the Secretary of State in the last two weeks towards a resolution. The clarity provided will support the UK’s defence industry to do what we do best: supply equipment, capabilities and services that strengthen the UK’s national security.
Investment decisions today deliver tomorrow’s capabilities. The development of uncrewed capabilities, as well as investment in traditional platforms, is welcome. Coupled with this, support to significant, multilateral and technically innovative programmes are absolutely critical to ensuring our collective security and securing UK advantage. The initial investment in integrated air and missile defence is essential to protect the UK homeland, overseas bases and deployed forces from increasingly complex air, drone and missile threats. Strengthening export financing will unlock essential support to businesses of all shapes and sizes, particularly those in the SME category.
The key now will be how this output is translated into contracts, and how this momentum is sustained through a clear and deliverable trajectory towards 3% of GDP by 2030 and 3.5% by 2035, reflecting the increasingly unstable geopolitical climate. We look forward to partnering with government on turning ambition into reality.”
This page was last updated at 15:05 on Tuesday 30 June. Live updates will continue over the next 24 hours.
