Question to the Ministry of Defence:

To ask His Majesty's Government how much they spent to acquire Sheffield Forgemasters; how much more they have invested to date; and what estimate they have made of the cost of future investment.

The Ministry of Defence (MOD) spent £2.56 million in August 2021 to acquire Sheffield Forgemasters and its unique defence supply capability in its entirety. To date the MOD has invested a further £542 million in the recapitalisation of the company to modernise and expand its defence manufacturing facilities, including a new 13,000 tonne forging line and a state-of-the-art machining facility. The programme to deliver this is running to cost and schedule and completes in 2033. The total investment is forecast to be £1.3 billion.