Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what estimate she has made of the volume of private capital that could be unlocked through partnerships with venture capital firms in the defence sector.

The Government recognises the important role that venture capital and other private investors play in backing innovation across the economy. The forthcoming Defence Finance Investment Strategy will be the Government’s blueprint for how we increase the capital available to improve warfighting readiness while also driving UK growth.