Question to the Ministry of Defence:

To ask the Secretary of State for Defence, what the level of venture capital investment is within UK defence companies within the Defence Industrial Strategy.

This Defence Industrial Strategy (DIS) (published on 8 September 2025) sets how we will deliver a more competitive, innovative, resilient and integrated defence sector to make defence an engine for growth. To assess progress against the priority outcomes of the strategy we will consider a range of indicators, including levels of venture capital investment in UK defence companies. This is being considered as part of our DIS implementation plan, ensuring that we improve the data we hold on venture capital investment in defence.