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Lord Coaker (Lab)

Speaking in the House of Lords on 16 June 2025

Debate

Defence Industrial Base

Contribution

The noble Lord makes a point the Government themselves would make: access to the €150 billion Security Action for Europe fund is really important. Of course, we will act in the best interests of the UK and ensure that British industry is protected as far as we possibly can. The only reason we can access that money, under whatever terms we are able to negotiate and discuss with our European friends, is because we have a security and defence partnership. Without that partnership, which the British Government and the Prime Minister negotiated successfully with the EU, we would not be able to bid for the money or be involved at all. So I take the noble Lord’s point, but we should also think that the Government have done well to negotiate the security and defence partnership.

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