Asked by: John Glen (Conservative - Salisbury)
Question to the Ministry of Defence:
To ask the Secretary of State for Defence, what steps he is taking to help ensure that the (a) financial and (b) related professional services industry is represented on the Defence Industrial Joint Council.
Answered by Maria Eagle - Minister of State (Ministry of Defence)
The Defence Industrial Joint Council (DIJC) aims to harness a wide and diverse set of expertise to shape the future of Britain's defence manufacturing, supply chain and innovation. The DIJC's top-level council is comprised of experts from across the sector, including representatives from the finance and investor community (Kerry Baldwin, IQ Capital and Dame Fiona Murray, NATO Innovation Fund). The membership of the DIJC runs on a principle of rotation, with all appointments for an initial tenure of 12 months. The financial sector will have opportunities for participation in DIJC initiatives as these are stood up.
The DIJC has strong links through its membership to the CBI-led Defence Economic Growth Taskforce, an initiative that is mobilising defence and finance leaders, to shape the UK's future prosperity and is co-chaired by the Chancellor and Defence Secretary.