Defence Spending

Siobhan Baillie Excerpts

Wednesday 24th April 2024 Commons Chamber

[Grant Shapps]

I was not going to say Ajax, but I will say it now. Ajax was over-specced to the point where it became a very delayed project. Fortunately, it is now back on track.

[Siobhan Baillie (Stroud) (Con)]

Stroud constituents will welcome the Prime Minister’s boost for defence spending and ongoing focus on the dangers that we all face. The Stroud district is blessed with many strategically important businesses, such as Steller Systems, which I was with on Friday, Retro Track & Air and Impcross, to name but a few. These are innovative, nimble and agile companies doing extraordinary things. On behalf of the small and medium-sized enterprises and the small family businesses that are playing their part in protecting our country and others around the UK, will the Secretary of State confirm that SMEs will get their fair crack at contracts and that the bigger boys will pay them on time, to keep them alive for the benefit of all?

[Grant Shapps]

My hon. Friend is absolutely right. I predict that companies in Stroud will do very well from this if they are producing innovative and useful equipment for our armed forces. I take on board her point about small and medium-sized enterprises. When I was running my printing business and companies paid late, it would put huge pressure on cash flow. One of the great things that this Government have done is speed up the necessity for large organisations, particularly the primes, to pay properly and on time.