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19 Feb 2024

UK defence industry spending tops £25 billion for first time

UK defence industry spending tops £25 billion for first time
Ministry of Defence

Defence spending with UK industry by the Ministry of Defence has topped £25 billion for the first time, official statistics have revealed.

  • Official breakdowns show increases in almost all areas and nations
  • Notable increases in spending recorded in Northern Ireland and Wales
  • Figures show more than 200,000 jobs are supported through the UK’s defence industry

The 2022/23 statistics, published today, detail the money spent by the MOD with UK defence companies. The breadth of spending highlights the government’s commitment to continually improving the defence sector, while supporting the economy and creating hundreds of thousands of jobs across the country.

 

Read the full press release here.

 

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