Question to the Ministry of Defence:

To ask His Majesty's Government what steps they are taking to ensure continued private investment in the defence industry in the light of news reports that pension funds are refusing to invest in defence firms.

In December 2024 we published the Defence Industrial Strategy Statement of Intent, which identified the ‘crowding-in’ of private sector investment as critical to the Government’s imperatives of national security and a high growth economy. We want to mobilise the private sector to invest more and we will engage with a wide range of defence and financial services stakeholders to explore how to do so.