SMEs Key To Defence Industrial Strategy, says British Chambers of Commerce

Responding to the announcement of the Defence Industrial Strategy, William Bain, Head of Trade Policy, said: 

“Raising defence investment is not only vital for the UK's national security in an age of higher geopolitical risk but also to boost growth, jobs, exports and supply chains.   

“The new Defence Growth Deals will provide opportunities for businesses to invest in locations across the country in key sectors like munitions, drones, frigates, submarines, and cyber security.   

“The UK needs this long-term investment to develop stronger defence supply chains and more efficient procurement plans to meet new global threats. There are many regions of the UK with a strong defence heritage that will be key to this.   

“But it is also important that we widen our supply chains across the UK to leverage the skills, innovation and creativity of businesses wherever they are located.   

“The Chamber Network will work closely with our defence companies and government to ensure UK defence industries rise to the challenge but also maximise the opportunities in a key sector of our economy and global exports.”