Source · Select Committees · National Security Strategy (Joint Committee)
Recommendation 37
37
Deferred
The Defence Investment Plan must be completed and published as soon as possible.
Recommendation
The Defence Investment Plan must be completed and published as soon as possible. Within the Plan, the Government should provide further detail on the funding mechanisms it will use to support firms as it seeks to revitalise 67 the UK’s defence-industrial base and develop sovereign capabilities. SMEs in particular need further financial support and guidance to grow and develop capabilities and avoid the risk of homegrown talent and capabilities being acquired by foreign investors. (Recommendation, Paragraph 164) 68
Government Response Summary
The government stated that the MOD’s forthcoming Defence Finance and Investment Strategy will detail measures to improve SME access to finance, and an SME action plan and direct spending target will be published once the Defence Investment Plan is finalised.
Government Response
Deferred
HM Government
Deferred
The MOD’s forthcoming Defence Finance and Investment Strategy will set out measures to improve SMEs’ access to finance and growth capital. The Department is also committed to publishing an ambitious SME action plan, alongside a direct spending target, once the Defence Investment Plan is finalised.