Luke Pollard

I thank the hon. Lady for her question and for her continued interest in defence, even with her new role in the Liberal Democrats. We are continuing to place contracts with British industry—1,400 since the general election, announcing a number of those in just the past few weeks—which is seeing jobs growth and both capital investment in infrastructure and investment in people and the skills that are required. The hon. Lady refers to innovative finance. We will set out the spending in the defence investment plan. As the hon. Lady will know, we are increasing defence spending, and I welcome a debate about innovation and how we can get more value out of the pounds we spend. Under the Labour Government, fewer contracts will be sent abroad—something that was commonplace under the Conservatives. I want to see the activation of more private capital to look at how we can support not just the supply chain, but, potentially, defence capabilities. We have committed to doing that with the development of a defence finance and investment strategy, which we are working on currently.