Answer from Hansard

The Minister for Defence Procurement and Industry (Maria Eagle)

The Government’s modern industrial strategy, launched last week, announced a 50% increase in MOD spending with small and medium-sized enterprises to £7.5 billion a year by 2028, reversing the downward trend under the previous Government. Our new SME hub will help small firms to access better opportunities, and our reform of defence procurement, along with ringfenced innovation funds, will give SMEs access to the defence dividend. This Government’s increase in defence spending will provide jobs and growth across the UK.