Defence Industrial Base

Lord Craig of Radley Excerpts

Monday 16th June 2025 Lords Chamber

[Lord Craig of Radley (CB)]

My Lords, what steps have the Government taken recently to reconcile the possible risk of failures in developing novel defence capabilities against the need to ensure that government funds are paid out with due care and avoidance of unnecessary risk?

[Lord Coaker (Lab)]

The noble and gallant Lord asks a good question. We have reinvigorated and put more money into the defence innovation fund. With respect to defence, you cannot move forward without innovation, challenge, new technology and new ideas. One of the lessons from Ukraine is that sometimes, for not an awful lot of money, innovators—those who think for themselves—provide the defence equipment and security that we need. Of course, we must be sensible and not throw money away and waste it, but innovation is an important part of any defence industrial strategy, which is why it was mentioned in the defence review and why the Government are putting more money into it.