B

Baroness Smith of Basildon (Lab)

Speaking in the House of Lords on 21 May 2025

Debate

UK-EU Summit

Contribution

I am grateful for that question and mindful that I did not properly answer the question on this point from the noble Lord, Lord Newby. When I was a Member of the other place, the defence industry was in my constituency, and I know that it is entrepreneurial, forward-looking and innovative. It does a great deal of technical research that has applications across the board, and the MoD will work with those companies. With the EU setting up the security action for Europe instrument, for which is proposed a €150 billion fund, we plan to make arrangements so that we can be part of it and benefit from it. Exports by the UK defence industry are going to benefit enormously from this, if we can ensure that its skills are recognised and we work in a joint partnership. It is that joint partnership that will allow us to bid for and be part of the €150 billion fund.

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