Question to the Ministry of Defence:

To ask His Majesty's Government what steps they are taking to ensure that Ministry of Defence contractors that use alternative finance providers, including fintech lenders, meet procurement and financial resilience requirements.

The Ministry of Defence (MOD) fully assess the financial status of legal entities before any new contract is awarded. Bidders must be able to demonstrate both economic and financial capacity requirements. These requirements including assets and liabilities are related and proportionate to the subject matter of the contract and are limited to determining that the bidder has the financial capacity to perform the contract.