Caroline Dinenage
Main Page: Caroline Dinenage (Conservative - Gosport)Department Debates - View all Caroline Dinenage's debates with the Ministry of Defence
(1 day, 13 hours ago)
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Maria Eagle
I recognise my hon. Friend’s point, and I will of course meet with him and his SMEs. Over the last six months, the Defence Secretary and I have convened stakeholders from industry and finance to discuss this issue and make it clear that defence is an ethical sector that they should support. The strategic defence review committed us to developing a dedicated financial services sector strategy, which we will aim to publish in spring 2026. That should give us a further opportunity to make sure that the finance industries know what a good investment defence can be.
Dame Caroline Dinenage (Gosport) (Con)
Our UK defence industry can have few better ambassadors around the world than our Red Arrows. As the Hawk aircraft comes to an end, will the Minister look closely at the British-designed modular aircraft being developed by Aeralis, because it would support SMEs right across our country, including by bringing around 600 jobs to StandardAero in Gosport and about 1,000 to the south Hampshire area? Surely that would be a much better way to support our national SMEs than opting for the Italian-Russian Yak-130 aircraft, which the MOD is rumoured to prefer.
Maria Eagle
I know Aeralis well; I visited it when I was in opposition, as I know the hon. Member for South Suffolk (James Cartlidge) has done, and I have spoken to its representatives since. Of course, an open competition will be held for the new aircraft to deliver advanced jet training and for an aircraft for the RAF aerobatics team, to ensure value for money and positive UK benefit, and I hope that Aeralis will apply for that competition. It will have a very good chance if its product is up to scratch.