Increased defence spending to see small businesses offered new contracts hub

Increased defence spending to see small businesses offered new contracts hub

Up to 12,000 SMEs could be supported by the plans, it is claimed

New defence cash to target small businesses to support Royal Navy and armed forces

Defence ministers will set a target for spending money with small businesses in a bid to boost their access to Armed Forces supply chains.

Ministers will set target to spend more defence money with small businesses

The Ministry of Defence will also launch a new hub for small and medium sized enterprises to give them better access to the sector. Defence ministers will set a target for spending money with small businesses in a bid to boost their access to Armed Forces supply chains. The Ministry of Defence (MoD) will also launch a new “hub” for small and medium sized enterprises (SMEs) to direct them towards defence contracts. The push to involve small Briti…

Small businesses to benefit from defence spending increase in boost for Armed Forces supply chain

Defence ministers will set targets for spending money with small businesses in a bid to boost Armed Forces supply chains.

In order to strengthen domestic SMEs, the government is launching a program to support workforce training.

UK deepens pockets to support SMEs by June 2025

Prime Minister Keir Starmer and Defence Secretary John Healey launched a new hub for SMEs and more direct funds for these businesses.