UK defence companies which deliver military goods abroad will benefit from a £2bn increase to UK Export Finance (UKEF) lending capacity, in what the Treasury claims will bolster growth and increase the number of jobs in the sector.
On her visit to Scotland today (14 March), UK Chancellor Rachel Reeves is expected to pledge that "we must bring about a new era of security and renewal that protects working people and keeps our country safe". The additional £2bn increase to the UKEF lending facility is expected to enable further UK defence exports such as missiles, aircraft and armoured vehicles overseas. FCA's sustainability rules 'do not prevent investment' in defence companies Reeves added: "This increase to UKEF's lending capability is our Industrial Strategy in action, bolstering our defence industry a...
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