Question to the Foreign, Commonwealth & Development Office:

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what discussions his Department has had with the EU Commission on the potential role of the UK in supporting the development of a (a) pan-European rearmament bank and (b) similar institution aimed at enabling financing for (i) the ReArm Europe programme and (ii) other defence programmes.

We need to work together to bolster the European defence industrial base, making sure that it can compete globally and deliver for our security and defence needs as well as contribute to growth and jobs. Officials and Ministers will continue to engage EU counterparts as we reset relations and explore opportunities for UK-EU defence and security cooperation.