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A new Defence Industrial Strategy (DIS) will be introduced by the UK government on Monday, accompanied by £250m in funding to aid regional economic growth and enhance innovation within the defence sector. Defence Secretary John Healey is scheduled to launch the strategy at Bristol-based defence tech firm Rowden on 8 September, marking the opening of its new facility. The strategy is expected to create new opportunities for working families nationwide, including highly skilled engineering roles and apprenticeships for young individuals. Chancellor Rachel Reeves hailed the plan as a means to “unleash the power of local economies while securing our country.”
By 2035, the government envisions the creation of up to 50,000 new jobs within the defence sector. The core of the strategy revolves around five new Defence Growth Deals designed to tap into the economic potential of various regions in England, Wales, Scotland, and Northern Ireland. Collaborating with local authorities, businesses, academia, and the defence sector, the £250m fund will support job growth, skills development, and innovation. Healey emphasized that these deals will establish a new partnership with UK Defence to bolster regional industrial and innovation strengths, ultimately driving an upsurge in defence skills, SMEs, and job opportunities across the four nations.
The initial Defence Growth deals will focus on several regions, including Plymouth, South Yorkshire, Wales, Scotland, and Northern Ireland. Each area will specialize in different aspects of defence innovation and technology, from marine autonomy to advanced materials production. Additionally, the DIS aims to address evolving global threats like the conflict in Ukraine, stressing the importance of rapid innovation and industrial capacity to bolster national security. As defence spending is projected to increase to 2.6% of GDP by 2027, with a target of reaching 3%, the government views the DIS as a strategic long-term investment in both national security and a high-growth economy
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