(7 years, 10 months ago)
Commons ChamberWith a rising defence budget and equipment plan worth £178 billion over 10 years, there are great opportunities to encourage innovation. We are spending up to 20% of our science and technology budget on research, creating an £800 million innovation fund and launching a defence and security accelerator to fund great innovative ideas fast.
How can small firms in my constituency that have great, innovative ideas bring them to the MOD without getting caught up in a bureaucratic procurement process?
I am sure that my hon. Friend noticed that, on Thursday, I launched the Enduring Challenge, which is run by the defence and security accelerator. It is designed to be a simple front door allowing anyone with a great idea that could benefit UK defence and security to enter into defence. The funding for that will be available throughout the year. On the other side of that door are helpful innovation partners who will guide small firms through a simplified procurement process, and I encourage firms from across the UK to visit the accelerator website on gov.uk to see how they can develop the next world-beating idea.