Steve Yemm
Main Page: Steve Yemm (Labour - Mansfield)Department Debates - View all Steve Yemm's debates with the Ministry of Defence
(2 days ago)
Commons ChamberWe have worked closely with Ukraine to develop new weapons systems to supply the air defence missiles it requires. While-ever Ukraine is fighting Putin’s invasion, we will stand alongside it and we will provide whatever military aid we can. Beyond that, for when we can reach a negotiated peace, we have been leading work to prepare a multinational force willing to stand with Ukraine in the peace and to secure that peace for the long term so that Russia never again invades that country.
Through the defence industrial strategy, the Ministry of Defence will strengthen the defence industrial base by supporting small and medium-sized enterprises, fostering collaboration with industry and academia, creating jobs, enhancing exports support and adopting sustainable procurement practices. These measures will boost innovation, resilience and competitiveness while supporting national security and economic growth.
I welcome last week’s news that Ukraine’s largest drone manufacturer has invested £200 million in a new factory in the UK, creating 500 jobs. This demonstrates the strength of our partnership with our Ukrainian friends and the confidence that international companies have in Britain’s skilled workforce. What assessment has the Minister made of the impact of foreign direct investment in the UK’s defence industrial base?
I thank my hon. Friend for celebrating the investment we are seeing. Foreign direct investment is a really important component part of building our ecosystem for defence industries. Britain is the very best place to invest in defence industries, with a talented population, increasing skills, increasing defence spending and a military that is respected the world over. We have a huge opportunity to do even more, and when I announce details of the defence industrial strategy shortly, I hope he will support that work as we seek to go further in using defence as an engine for growth in every part of the country.