"New partnership" between defence and private sector set to boost UK defence sector
Major venture capitalists from across Europe can help unlock billions of pounds of private investment into UK technology and defence firms, as part of a 바카라 사이트渘ew partnership바카라 사이트� between defence and private investors, the Defence Secretary has said today.聽
Defence Secretary John Healey at a table speaking with investors.
- Influential investors convened in London to discuss future routes to defence financing.
- 바카라 사이트바카라 사이트檚 record spending uplift and reforms will聽help unlock private-sector investment into UK defence,聽Defence Secretary said.
- Defence 바카라 사이트渋s an ethical investment바카라 사이트� as 바카라 사이트 set to back Britain바카라 사이트檚 high-growth companies with new innovation funding.
- Comes alongside up to 拢250 million of 바카라 사이트 investment into UK firm to help boost missile defence.
In a first-of-its-kind meeting between venture capital firms and a UK Defence Secretary, John Healey MP spoke at a breakfast roundtable at Plural바카라 사이트檚 offices in central London. The meeting was convened by Plural partner Khaled Helioui, and Grace Cassy of Ten Eleven Ventures who has supported the development of the Strategic Defence Review as part of the Defence Review Team.
In a changing world, with increasing threats and war in Europe, the group discussed how to incentivise greater private investment into defence and deep technology, to help聽deter Britain바카라 사이트檚 adversaries, secure the UK聽economy, protect聽the incomes of hard-working families up and down the country and support European security.聽
The Defence Secretary set out how the 바카라 사이트바카라 사이트檚 largest sustained increase in defence spending since the Cold War 바카라 사이트� with 2.5% of GDP spend by April 2027 and a commitment to hit 3% in the next Parliament 바카라 사이트� coupled with defence reforms, can unlock private sector investment into high-growth British firms 바카라 사이트� boosting jobs and delivering on the 바카라 사이트바카라 사이트檚 Plan for Change by making defence an engine for growth across the UK. This includes:
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A new ambition to unlock more private defence investment, supported by long-term certainty of rising 바카라 사이트 defence investment over the next decade,聽alongside the聽new 바카라 사이트 direct expenditure target for SMEs including start-ups and scale-ups to give high-growth companies more certainty and sight of future investment.
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Turbocharging innovation with a new 拢400 million ringfenced budget for UK Defence Innovation, announced by the Chancellor last week, alongside a commitment to spend 10% of the MOD equipment budget on novel technologies.
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Making clear that 바카라 사이트渄efence is an ethical investment바카라 사이트� in deterring conflict and preventing the huge human and economic costs caused by conflicts such as Ukraine. It comes as some funds look to renegotiated Limited Partner Agreements to better enable investment into defence.
In a sign of the 바카라 사이트 backing British firms with long-term public investment, the meeting comes as the 바카라 사이트 confirms up to 拢250 million investment across the next six years with UK defence tech firm Roke 바카라 사이트� supporting around 150 jobs聽and delivering analysis, trials and technology development against ballistic and hypersonic missile threats.
Roke 바카라 사이트� based in Hampshire and focused on innovation and AI development 바카라 사이트� have been awarded a contract up to six-years in length, known as Science and Technology Oriented Research and development in Missile defence (STORM). The framework streamlines crucial research into innovative technologies, helping enhance the UK바카라 사이트檚 ability to detect, identify, and defeat ballistic and hypersonic missile threats 바카라 사이트� work that is essential to safeguarding the UK and its allies.聽
Defence Secretary, John Healey MP said:
In this new era of rising threats, national security isn바카라 사이트檛 just a military imperative. It바카라 사이트檚 the foundation for economic growth, securing Britain바카라 사이트檚 future and our 바카라 사이트바카라 사이트檚 Plan for Change.
As Defence Secretary, I am determined to bring together investors, innovators and industry in a new partnership that drives British jobs and growth. We want to mobilise private investors to take a fresh look at defence, alongside the certainty of our 바카라 사이트바카라 사이트檚 record long-term uplift in defence spending.
With countries across Europe facing new threats stepping up to take more responsibility for our continent바카라 사이트檚 defence is an ethical investment, and it바카라 사이트檚 good to see increasing numbers of private investors recognising that. There is no more important investment than in our European security.
As a government we are determined to tackle any blockers which are preventing private finance from flowing into UK defence, which is why today바카라 사이트檚 landmark meeting is so important.聽
The Defence Secretary also said the government is bringing 바카라 사이트渁 clear mandate to bring innovative technology to the frontline at speed and enable the defence sector to create high-growth British success stories that deliver investor returns and national security.바카라 사이트�