RE: Sunak in PM Q's7 Feb 2024 16:14
This is a post from Ben Murray on LinkedIn commenting on the Prime Minister's answer https://www.linkedin.com/feed/update/urn:li:activity:7161012291075788800/ The text of the post is
Welcome news that the PM sees the need to drive more defence spending into Northern Ireland.
During PMQs today, the PM said: “I have seen, with my own visits, the vital role that Northern Ireland is playing through the location of firms like Thales and Harland & Wolff. I am delighted in last week’s command paper we specifically committed to examining how we can further bolster Northern Ireland’s share of the UK defence sector because it’s another essential pillar of our precious economic union.”
Last summer, the Royal United Services Institute published a report, 'The Defence Industry in Northern Ireland: Leveraging Untapped Potential', which found that defence spending in NI is considerably lower than in other nations and regions and that defence spending can help level-up and drive significant industrial growth.
The report cited Harland & Wolff’s £77m investment into Belfast following the award of the FSS contract to Team Resolute as an example of how strategic defence procurement can help drive reindustrialisation and long-term, sustainable job creation.
The investment in technology, infrastructure and people is underpinning the transformation of the yard and will not only support FSS delivery but embed the latest technology across the group to increase our competitiveness in the European market and win new orders across our five markets of defence, commercial, energy, renewables and cruise and ferry.