Jason McCartney
Main Page: Jason McCartney (Conservative - Colne Valley)Department Debates - View all Jason McCartney's debates with the Ministry of Defence
(10 years, 11 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr Hammond
I am grateful to my hon. Friend. Export potential is an important consideration and one of the Department’s stated priorities. As I have said, I believe that what we are doing, particularly with regard to the single-source procurement regulations, will drive export competitiveness into defence contractors. If a GoCo is appointed, one of its required tasks will be the support of UK defence exports, which is a UKTI lead.
Jason McCartney (Colne Valley) (Con)
What implications, if any, will these long overdue reforms have for small and medium-sized enterprises in my constituency that are already employed in the defence procurement supply chain?
Mr Hammond
We have an active policy of encouraging the engagement of SMEs in the defence supply chain and it includes many thousands of SMEs. The single-source pricing regulations will apply throughout the supply chain, but will have a price threshold. We expect almost all SMEs not to be directly affected because their level of transactions with the MOD will fall below the price threshold. The threshold is yet to be determined, but it is likely to be about £5 million.