UK MoD prepares to revive defence industrial policy
The UK Ministry of Defence (MoD) has started a consultation to revive its existing defence industrial policy, as part of its Strategic Defence and Security Review 2015 (SDSR15).
The proposed refresh will help the UK’s defence and security industries, particularly small and medium-sized enterprises (SME), to grow and compete successfully.
UK Minister for Defence Procurement Harriett Baldwin said: “I am delighted to be able to formally launch the consultation on refreshing Defence Industrial Policy Refresh.
“This is a milestone in meeting our SDSR15 commitment and presents a unique opportunity for our defence industry, academics and non-traditional defence suppliers to make a valuable contribution to the continuing development of our Industrial Policy.”
The MoD is calling on all its stakeholders to participate in the consultation over the next six weeks.
The process will help the MoD to refine its policy, in order to deliver high-quality, cost-effective defence equipment, as well as support an innovative, prosperous and internationally competitive defence industry.
Defence Growth Partnership (DGP) Industry co-chair Allan Cook said: “The refresh is an opportunity to help to deliver a vibrant, competitive and successful defence sector in the UK, contributing to the needs of our armed forces, allies and partners around the world as well as making a significant contribution to the UK’s prosperity.”
The revival is expected to make defence business more attractive to a wider range of suppliers, MoD said in a statement.