The UK defence sector has driven unprecedented growth across the country following at least £1.4 billion foreign investment being announced since July 2024
More than 1,700 new jobs are being created as the UK’s defence sector drives unprecedented growth across the country, following at least £1.4 billion foreign direct investment being announced since July 2024.
ADVERTISEMENT: Break Free from Fees — Explore Robinhood Investing
This success reflects the Government’s commitment to making defence an engine for economic growth across the UK. The increase in annual foreign direct investment from international companies demonstrates the confidence that companies feel to invest in the UK, alongside the Government’s historic uplift in defence spending, providing a significant boost to the UK economy and showing more countries are choosing to invest in facilities in Britain.
The increased investment is supporting the UK’s defence industrial base, with thousands of new jobs created and supported across the country, including manufacturing, engineering, and business service roles. Recent investments include an expanded drone manufacturing facility in Hampshire, shipbuilding secured in Belfast, and the investment in artillery systems manufacture in Telford.
The soon to be published Defence Industrial Strategy will set out how the UK will further strengthen its defence industrial base and supply chains, enhance sovereign capabilities, and position Britain as a global leader in defence technology whilst creating high-skilled jobs and driving economic growth across the country.
ADVERTISEMENT: Break Free from Fees — Explore Robinhood Investing
Defence Secretary John Healey MP, said:
Ministers showcased this momentum yesterday with visits highlighting new British defence innovation sites.
The Minister for Defence Procurement and Industry, Rt Hon Maria Eagle MP, opened Ultra Maritime’s new £20 million manufacturing facility in Greenford, London, which will employ 100 staff including 35 new manufacturing and testing roles focused on producing cutting-edge sonobuoys for anti-submarine warfare systems.
Minister for Defence Procurement and Industry, Rt Hon Maria Eagle MP, said:
The Minister for Veterans and People, Alistair Carns DSO OBE MC MP, opened Arondite’s new Farringdon office, celebrating a British defence-tech company building AI software to connect autonomous systems. Veteran-founded Arondite announced a £100 million investment in advanced R&D, expanding its UK footprint and creating 100 new high-skilled jobs.
ADVERTISEMENT: Break Free from Fees — Explore Robinhood Investing
Minister for Veterans and People, Alistair Carns DSO OBE MC MP, said:
These developments build on the Government’s delivery of the Strategic Defence Review, which provided the strategic framework for strengthening Britain’s defence capabilities to meet the new era of threat, whilst harnessing the Prime Minister’s historic defence investment to create jobs and opportunity in communities nationwide.
Comments
Comments are currently closed.