Wales is to receive share of £250 million UK Government funding to forge long-term defence industry partnerships.
Defence Growth Deals are being created as part of a bold initiative to support the growth potential of the defence industry, underpinned by the historic increase in defence spending to 2.6% of GDP by 2027 and the ambition to hit 3% in the next Parliament.
Utilising a share of a £250 million of money for UK Defence Growth Deals, Wales will forge a long-term partnership between the UK and Welsh Government, uniting business and research institutions in the nation to harness local expertise and resources in support of the UK Armed Forces.
The Defence Growth Deals will unlock growth, innovation, and job creation within key concentrations of defence and dual-use industry across the country, while bolstering the resilience of the UK’s defence industrial base.
For further information please select the following link: Landmark Wales partnership to create jobs and harness innovation - GOV.UK