High Peak MP Robert Largan has welcomed new defence funding which will help protect our country and bring tens of thousands of jobs to every corner of the Union of the UK.
This is the largest investment in the nation’s defence in the last 30 years, providing the defence budget with an extra £24.1 billion over the next four years. The commitment will allow the Government to invest in cutting-edge technology, positioning the UK as a global leader in domains such as cyber and space and cement the UK’s position as the largest defence spender in Europe and the second largest in NATO.
Over the next four years, this funding will help create 10,000 more jobs a year, by investing in our world leading defence industry and revitalising British shipbuilding. These jobs will reflect the expertise and ingenuity of the British people both inside and outside our Armed Forces, harnessing the UK’s skills in construction and science and reinvigorating those industries in the coming decades.
Robert Largan MP commented:
“I am a firm supporter of our Armed Forces. That is why I am delighted that we are providing them with the largest financial boost since the Cold War, both meeting and exceeding our Manifesto commitment to increase defence spending.
“High Peak will not only benefit from the security this investment will bring our country but also the jobs and prosperity the direct and indirect investment will bring to our defence industry and its supply chains.
“This shows once again how the Government will stand up for our armed forces, delivering real support, not empty words.”
The Defence Secretary, the Rt Hon Ben Wallace MP, commented:
“This is excellent news for Defence, and provides us with the financial certainty we need to modernise, plan for the future and adapt to the threats we face. It demonstrates the Prime Minister’s recognition of how important Defence is to our resilience and the reputation of the United Kingdom.
“This settlement secures UK jobs and livelihoods, allows us to invest in our fantastic shipyards and aerospace industry, spreading prosperity to every corner of the UK.
“Next year represents a huge opportunity for this country, and Defence will be at the forefront of creating the jobs and business opportunities that will help us build back from the pandemic.
“Over the next few months, I will set out in more detail our ambitious agenda for Defence.”