UK launches £250m defence strategy to boost jobs
Summary
The UK government is launching a Defence Industrial Strategy with £250 million in funding to grow jobs and innovation in the defence sector. The plan aims to create up to 50,000 new jobs by 2035 across the UK and includes five Defence Growth Deals to support local economies and skills development.Key Facts
- The UK government will launch a £250 million Defence Industrial Strategy on 8 September.
- Defence Secretary John Healey will announce the strategy at a Bristol-based defence technology company.
- The strategy aims to create up to 50,000 new jobs by 2035.
- Five Defence Growth Deals will support regional economies in England, Wales, Scotland, and Northern Ireland.
- The funding will support job creation, skills development, and innovation in the defence sector.
- Locations for the first Defence Growth Deals include Plymouth, South Yorkshire, Wales, Scotland, and Northern Ireland.
- The strategy responds to global threats and plans to increase defence spending to 2.6% of GDP by 2027.
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