Recommendation 25

Access to finance for defence industry is a significant issue as evidenced by the numerous publications and policy proposals from this year alone. We are frustrated that, given widespread recognition of the issue, no proposed solutions are likely to emerge before March 2026, with implementation likely to take much longer. The wider issues which face defence financing appear to be both myriad and complex. But Government ought to be able to identify which of these problems are specific to defence industry as opposed to resulting from wider systemic failings. (Conclusion, Paragraph 99)