The Conference, entitled ‘Assessing the Contribution of Defence to the UK Economy’, brought together 110 senior stakeholders from business, academia, and government, including representatives from the governments of Australia and Canada.
The DSIS review will identify how defence can take a more strategic approach to ensure competitive, innovative and world-class defence and security industries. It will also suggest how defence might better drive investment and prosperity across the UK.
The Ministry of Defence will lead a cross-government team, engaging closely with industry, Parliament, and other stakeholders over the course of the review. The findings will feed into the broader Integrated Security, Defence and Foreign Policy Review.
The UK defence industry plays a crucial role in maintaining our global influence and relationships with allies Minister for Defence Procurement
The Minister said: “The UK defence industry plays a crucial role in maintaining our global influence and relationships with allies, as well as supporting employment and economic growth across the country…the DSIS review will explore the role of the defence sector in our ambition to level up all parts of the United Kingdom.”
The UK defence and security industry employs hundreds of thousands of people - including thousands of apprentices – across the UK. From building warships in Scotland and armoured vehicles in Wales, to manufacturing aircraft in England and satellites in Northern Ireland. The MOD invested £19.2 billion into industry, commerce and employment in the last year.
Our industries are also at the forefront of technology development in creating new ways to prevent and defend against terrorism and serious organised crime. And on the international stage, UK defence and security companies play a crucial role in maintaining the UK’s global influence, underpinning our strategic partnerships with key allies.