Context
Last week, Ukraine’s largest drone manufacturer invested £200 million in a new UK factory, creating 500 jobs. This highlights the potential of foreign companies investing in Britain's skilled workforce.
Question
I welcome last week’s news that Ukraine’s largest drone manufacturer has invested £200 million in a new factory in the UK, creating 500 jobs. This demonstrates the strength of our partnership with our Ukrainian friends and the confidence that international companies have in Britain’s skilled workforce. What assessment has the Minister made of the impact of foreign direct investment in the UK’s defence industrial base?
Answer from Luke Pollard (The Minister of State, Ministry of Defence)
I thank my hon. Friend for celebrating the investment we are seeing. Foreign direct investment is a really important component part of building our ecosystem for defence industries. Britain is the very best place to invest in defence industries, with a talented population, increasing skills, increasing defence spending and a military that is respected the world over.
Not addressed: Did not provide an assessment or specific impact analysis of foreign direct investment on the UK's defence industrial base
How: Broad Statement About Importance Of Fdi Without Specifics
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