Defence Secretary at the London Defence Conference
Opening Remarks from Defence Secretary John Healey
A big thank you to Nicola King and John Deans. This is a very special conference. I바카라 사이트™m very pleased to be here, and I must say, I spent quite a lot of time in the city 20 years ago when I was a Treasury Minister but I have never been to a venue like this. So, thank you for hosting us this morning in this wonderful place. I guess a few years ago, it would be unusual to see a Defence Secretary make a point of coming to the city to speak to investors. But I regard that now, in this day and age, with the threats that we face and the sort of introduction that Iain has given us, I regard that as imperative. And to be quite honest, I expect to spend as much of my time in 2025 talking to investors as I do to industry itself. Thank you also to the London Defence Conference, I바카라 사이트™m very pleased and quite proud to be linked with the LDC from the very early days. It바카라 사이트™s going from strength to strength now, and in many ways, that is a testimony to the very personal vision that you provide to it. So thank you for inviting me to join here today.
I want to start with one central thesis, which is this; that national security, at home and abroad, is the foundation for the stability, the certainty and confidence, which in turn, are the preconditions of economic success. And my aim is to align imperatives of strong national security with a high growth economy, ensuring that defence in particular, contributes fully to the government바카라 사이트™s number one mission - which is to secure higher economic growth throughout the UK.
And so today, we바카라 사이트™re publishing a framework for a new mission driven defence industrial strategy, which will boost UK jobs and growth. It sets out at this point, guiding principles for a new strategy, which we will now develop in wide consultation. We바카라 사이트™ll do that alongside the development of the Strategic Defence Review, and we바카라 사이트™ll look to publish this new Defence Industrial Strategy in the spring. We바카라 사이트™ve got some really proud British defence firms with a long history of world class reputations, and we바카라 사이트™ll work closely with them. I also want to hear from beyond these established businesses; from tech firms in the civilian sectors, from startup entrepreneurs, from trade unions, from exporters that want more government muscle behind them, and also from investors. Investors who recognize the central importance of security as well as stability and market value. And finally, this is going to be a national endeavour, private, public, primes and SMEs, innovators, educators, trade unions. It바카라 사이트™s about creating a defence industry which is better and more integrated, and one that can keep our Armed Forces equipped, innovating at a wartime pace and therefore ahead of our adversaries.
If I had to draw out three hallmarks of the framework for the future, first, it means a principle to direct more UK defence investment to UK based businesses, creating more defence jobs in every region and nation of the UK. Second, it means learning the lessons from Ukraine, where the pace of innovation is measured in weeks, not months, and where in many cases, smaller, cheaper innovations are beating far more expensive, exquisite platforms. The third is taking to heart what Ukraine also tells us, which is that the nation바카라 사이트™s armed forces are only as strong as the industry that stands behind them. And so, consistent with NATO thinking and the new emphasis that Mark Rutte has given to NATO - deterrence, thirdly, is at the heart of our approach. Because adversaries must know that we have an industry with the capacity to generate and regenerate the equipment our forces need, that we have a science and tech base to ensure that we can deliver leading edge capabilities and that we have the ability to innovate at a wartime pace, if faced with conflict.
As Iain said in his opening remarks, everyone now agrees that we must, as a nation, spend more on Defence. We must do that to meet the increasing and diversifying threats that we face. We have a government, a new government now, that is totally committed to increasing defence spending to 2.5% of GDP. A level we haven바카라 사이트™t seen in this country since 2010, when Labour was last in government. We바카라 사이트™ve had the Prime Minister and the Chancellor confirm that we will set out the path to increase spending to 2.5% in the spring.
But this can바카라 사이트™t be done by the government alone. Iain바카라 사이트™s central point and mine: we need investors. We need innovators. We need industry working together with government, and that is at the heart of the new defence industrial strategy. So, the framework sets out a requirement for longer term partnerships with industry, longer term market signals and redefined relations. At the heart of it will be a new Defence Industrial Joint Council. At the heart of it also will be a relation between government and the sector. So today, for the first time, we바카라 사이트™re staging wargames with key industry players, so we together will look to understand better the decisions that will be required of government, that will be required of industry, in order to be able to sustain our war fighters on the front line when supply chains are disrupted, or when we may be faced with extended conflict. And so, in the face of rising global threats, we need public and private together, investors, industry innovators, and my message is this, invest in defence and send a strong signal to Putin and other adversaries that would do us harm.
Finally, this is an industry with a long-established tradition and a base right across the country, 134,000 jobs directly supported by defence investment in this country, another 105,000 indirectly linked to that investment. A government and partner, which is spending over £25 billion a year on military equipment. But we also need to face up to some of the problems with the approach in the past. Yes, there was a Defence Industrial Strategy produced by the last government, but that was back in 2021, it was before Ukraine. It바카라 사이트™s not been updated. Unlike the European Union and the US that in the last year have produced an overhaul, updated defence industrial strategy, now바카라 사이트™s the time for us to do the same. And the problems that have held us back in the past, I think, are clear and well known - inefficient spending, skill shortages, a lack of focus on exports, a lack of the long-term partnerships that can make this work in the future. That바카라 사이트™s why I바카라 사이트™m really pleased to see that alongside today, we바카라 사이트™ve got announcements from BAE, from Babcock and from Helsing, on new investments in the workforce and in production capacities for the future.
So, to finish, Iain, if I may, where I started, national security is the foundation for national stability and economic growth. In keeping with your event theme today, I believe defence should, can and must be an engine for jobs and growth in Britain in the future. That바카라 사이트™s why we바카라 사이트™ll develop our new industrial strategy for defence. We바카라 사이트™ll develop it with industry. We바카라 사이트™ll develop it with the innovators, and I want to develop it also with investors. And with a stronger UK defence sector, we can make Britain more secure at home and stronger broad.