Defence Minister Stuart Andrew joined industry leaders at the Defence Suppliers Forum to make a series of landmark commitments that will promote more effective joint working and boost productivity…
The companies and the Minister signed a joint document, named ‘Vision 2025’, which includes new pledges from both parties to improve the productivity of the UK defence sector and ensure the armed forces obtain the capabilities they need in the future.
After welcoming remarks from the Defence Minister and Charles Woodburn, Chief Executive of BAE Systems, attendees took part in sessions focused on boosting defence exports, encouraging innovation within the defence industry and accelerating the inclusion of Small and Medium-sized Enterprises (SMEs) in the market.
The Minister also unveiled the MOD’s SME Action Plan at the event, setting out the department’s commitment to supporting smaller businesses across the defence supply chain. The Plan includes a range of measures to increase the MOD’s procurement spend with SMEs by removing barriers to entry to the defence market. It sets a target to spend 25% of the MOD’s total procurement budget with SMEs by 2022.
Speaking at the Defence Suppliers Forum, Defence Minister Stuart Andrew said: “Vision 2025 represents a significant evolution in government-industry collaboration. By committing to work together more closely, we will ensure our armed forces continue to benefit from world-leading capabilities while driving up value-for-money for UK taxpayers.