UK Manufacturers Urge MoD to Channel Defence Spending to SMEs Through Binding Offset Deals

Defence Review Must Crowd In SME Involvement  - British Chambers of Commerce

Responding to the Strategic Defence Review, Alex Veitch, Director of Policy at the BCC, said:  “The UK’s defence industry is vital for providing for our collective security in an uncertain world.  But it is also an increasingly important plank of our wider trade and industrial strategies.  “Business will be hugely relieved to see the Government has given unequivocal backing to the Strategic Defence Review’s recommendations, and the major role UK…

UK manufacturers urge MoD to channel defence spending to SMEs through binding offset deals

British manufacturers have urged the government to ensure that small and medium-sized businesses are major beneficiaries of the UK’s rising defence spending by embedding legally binding offset agreements in future military procurement contracts. Ahead of the release of the government’s revised Defence Industrial Strategy, MakeUK Defence — the trade body representing more than 600 UK defence manufacturers — is calling for foreign contractors to b…