Chancellor announces £1bn spending uplift for MOD

As part of today’s Budget 2018 the Chancellor of the Exchequer has announced an additional £1 billion for the Ministry of Defence across 2018-19 and 2019-20. 

Coupled with funding already announced in March 2018, Defence will have benefitted from an additional £1.8 billion over 2018-19 and 2019-20. This funding will focus on modernisation efforts and to meet emerging and continuing geo-political threats. Capabilities to be prioritised include offensive cyber, anti-submarine warfare and the continuous at sea nuclear deterrent. 

This additional funding to ease immediate pressures comes at a time when the MOD continues to work on the Modernising Defence Programme ahead of a Comprehensive Spending Review next year. 

It was also encouraging to see the announcement of a £10m donation to the Armed Forces Covenant Fund Trust to support veterans with mental health needs.

techUK welcomes this additional funding and looks forward to working with the MOD and industry as the UK Defence sector enters this crucial spending review period. At a time when technological change has the capacity and potential to realise a more efficient Armed Forces in areas such as cyber, artificial intelligence and big data, techUK will be highlighting key areas where technology can be better leveraged and utilised. This will begin with the "Addressing the barriers to digital tranformation in Ministry of Defence" paper to be released in November.

  • Dan Patefield

    Dan Patefield

    Programme Manager | Defence and Cyber
    T 020 7331 2000
  • Fred Sugden

    Fred Sugden

    Head of Defence Programme
    T 020 7331 2032

Share this

FROM SOCIAL MEDIA

In this blog our Craig Melson @techUK flicks through tonight’s TV guide on how connectivity changed our entertainme… https://t.co/rKd5zHMExN
Guest blog by Sean Gulliford @Gemserv highlights what is likely to be coming to a connected home near you in the ve… https://t.co/bqP0SbOle8
Following the recent release of techUK’s report, Collaboration for Public Safety Outcomes, this podcast explores th… https://t.co/ctKK9sa4rZ
Yesterday, techUK marked International Women in Engineering Day 2019 (@INWED1919) with this blog tackling the topic… https://t.co/pZJfb8qiBm
At our first Innovation Den profile we catch up with Seth Finegan, UK CEO, Informed Solutions @InformedTweet https://t.co/aKtnEo3X9m
Guest blog by Alina Bakhareva and Thomas Demetriades at @ELEXONUK provide an overview of several ongoing initiative… https://t.co/2Cf5x0oJV0
Working together to deliver smarter public services – join us at @Public_SectorUK (25 – 26 June, ExCeL London) and… https://t.co/6200FsnGUV
“The Past, Present and Future of Data” report by Dun & Bradstreet (@dnbukteam @DnBUS) published today has shone a l… https://t.co/u6aHlT0fxE
On Saturday 20 July, the first large scale AI conference in the North of England is taking place in Leeds. Find out… https://t.co/NGWcF4D0LX
Become a Member
×

Become a techUK Member

By becoming a techUK member we will help you grow through:

Click here to learn more...