Canada: Defence, Security and Resilience Bank Development Group

(asked on 9th October 2026) - View Source

Question to the Ministry of Defence:

To ask the Secretary of State for Defence, pursuant to the answer of 8 September 2026 to question 23094 on Defence: Finance, what progress he has made with his Canadian counterparts on how the UK’s Multilateral Defence Mechanism can work together with Canada's Defence, Security and Resilience Bank.


Answered by
Luke Pollard Portrait
Luke Pollard
Minister of State (Ministry of Defence)
This question was answered on 19th October 2026

The UK and Canada share a common objective of strengthening Allied defence industrial capacity through closer international cooperation. The Multilateral Defence Mechanism (MDM) and Canada's proposed Defence, Security and Resilience Bank (DSRB) are intended to address related challenges within the defence industrial ecosystem.

Following the joint-PM statement at the NATO Ankara summit in July, we committed to working closely with our Canadian allies on how the MDM and DSRB can work together. This collaboration remains ongoing as both countries seek to strengthen defence industrial capacity and unlock greater support for the defence ecosystem.

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