UK Defence Secretary announces £800 million innovation initiative
The Defence innovation initiative will ensure that the United Kingdom work with its allies and partners to maintain our operational edge over our enemies harnessing the entrepreneurshi of the private sector.
It will build on an agreement with the US Secretary of Defence earlier this year to deepen collaboration over innovation.
Working with other national security departments, the UK will establish new bodies to further advance this work, including the Emerging Technology and Innovation Analysis Cell (ETIAC) to understand the implications of potentially game-changing technologies, and a new hub to fast track the search for innovative solutions to our most pressing challenges. These bodies will work closely with the private sector and universities.
Defence Secretary Michael Fallon said: "As the threats we face grow, it is vital that we harness innovation. By using our rising defence budget to create a new fund backed by £800 million of new investment, we will ensure that we stay ahead of our enemies. I hope and expect Scottish companies will be heavily involved in this initiative."
In the meantime, last month’s Strategic Defence and Security Review set out major new investments that will benefit Scotland and reiterated the UK’s commitment to shipbuilding on the Clyde.
Over the next decade, the MOD plans to spend around £8 billion on conventional warships for the Royal Navy, all of which will be built in Scotland. ■