(6 years, 2 months ago)
Commons ChamberThe 20% target for major equipment ensures that investment is directed towards NATO’s capability priorities, which directly enhances the security of the alliance. The United Kingdom continues to spend more than 2% of GDP on defence, and to spend more than 20% of that on major equipment. That investment helps to keep the UK safe, and ensures that NATO remains at the heart of our defence.
The NATO commitment opens up many potential opportunities for UK shipbuilders. Sadly, however, it comes at a time when Babcock International is considering the future of Appledore shipyard, which is very concerning. Will the Minister join me, and my right hon. and learned Friend the Member for Torridge and West Devon (Mr Cox), in continuing to work with Babcock in committing ourselves to a long-term future for Appledore?
I pay tribute to my hon. Friend, and to my right hon. and learned Friend the Member for Torridge and West Devon, for the work that they are doing on an issue that I know is important to them. One of the key aims of the national shipbuilding strategy is that UK shipbuilders should be competitive in overseas markets as well as domestically, so that we can secure their long-term future. I hope that they will engage in all the competitions that exist.