Question to the Ministry of Defence:

To ask the Secretary of State for Defence, whether he plans to hold discussions with local authorities that have voted to divest pension funds from UK defence companies.

The Government is committed to increasing private sector investment in the UK defence sector, recognising its vital role in driving innovation, creating jobs, and enhancing national security. The Strategic Defence Review (SDR) recommended the Ministry of Defence develop a dedicated financial services strategy by March 2026. We will consult a wide range of stakeholders during the production of this strategy.