The Prime Minister has announced the biggest investment in the UK’s Armed Forces since the end of the Cold War, confirming an injection of £16.5 billion over four years.
Combined with the manifesto commitment of a 0.5% uplift, the total increase for Defence is a substantial £24.1 billion.
A radical program of innovation and modernisation will create up to British 10,000 jobs a year, and support thousands more livelihoods as the nation builds back better from the coronavirus pandemic.
The investment will underpin the revitalisation of shipbuilding, funding a significant expansion of Royal Navy vessels to create the biggest surface fleet of modern warships in Europe.
An additional £1.5 billion will be poured into military research – including for the Future Combat Air System – allowing the Armed Forces to tackle the threats of tomorrow and to make sure the UK can stand shoulder to shoulder with our allies across the globe.
For the hard-working men and women of the armed forces, the funding will go towards improving their day to day lives – whether through the wrap around childcare offer or improved living conditions, their health and wellbeing will be protected.