The UK prime minister announced the “game-changing” defence investment plan in a recent speech on Tuesday.
According to the Ministry of Defence, the defence plan will include the funding worth of £298 billion over the next four years. The details of key project include:
Over £8 billion will go towards developing a new stealth fighter jet in partnership with Italy and Japan.
More than £63 billion allocated for boosting the UK’s nuclear capabilities, including funding for submarines, a new warhead, and 12 F-35A fighter jets.
£26 billion will be reserved for Project Royal Oak, aimed at upgrading naval bases at Faslane, Portsmouth and Devonport.
Over £5bn for drone initiatives, including £650m specifically for autonomous systems like drones and uncrewed ground vehicles.
Nearly 11 billion for increasing stockpiles of long-range weapons, cruise missiles, and one-way effectors. The country would establish at least 6 new energetics factories by 2030.
Nearly £2 billion for a new digital targeting web framework designed to integrate armed forces and accelerate target destruction.
£790 will be spent for enhanced base protection, including a new defence operations centre, expanded counter-drone systems, directed energy weapons, and upgraded missiles for Type 45 destroyers.
£900 million will be reserved for efficiency and reform procurement: £500 million will be spent on improving AI and workforce productivity and £400 million for building a multilateral defence mechanism.
£100 million for the prime minister’s rapid AI delivery taskforce and £115 million to strengthen defences against AI-related threats
The prime minister also announced that additional £15 billion funding for defence purposes and “some road and energy projects will be scrapped to fund it.”
The country will spend £80 billion every year on defence by 2029.
Speaking about the 5 percent defence commitment by 2035, Starmer says the plan takes the UK to 4.2 percent of GDP on defence and national security. Last year, Trump at Nato announced that the countries should spend 5 percent of GDP on defence and security.
“I’ll be very pleased to report that back to colleagues at Nato next week, they’ll be very pleased to discuss that with us and I’m proud of the record I stand on in relation to defence and security as I go into that summit,” Starmer says.
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