Defence Suppliers: Innovation

Oral Answers to Questions — Defence – in the House of Commons at 12:00 am on 10th July 2017.

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Photo of Nigel Mills Nigel Mills Conservative, Amber Valley 12:00 am, 10th July 2017

What steps he is taking to encourage innovation by defence suppliers.

Photo of Harriett Baldwin Harriett Baldwin The Parliamentary Under-Secretary of State for Defence

With an equipment plan worth £178 billion and a rising defence budget, there are great opportunities for innovative suppliers. The £800 million innovation fund will provide the Ministry of Defence with the freedom to pursue innovative solutions in an open, competitive process.

Photo of Nigel Mills Nigel Mills Conservative, Amber Valley

Will the Minister ensure that there is greater risk appetite in which projects are selected for funding to ensure that our armed forces have the best technology available to them?

Photo of Harriett Baldwin Harriett Baldwin The Parliamentary Under-Secretary of State for Defence

My hon. Friend is absolutely right to highlight this issue. It is one of the things that we weight when we consider awards through the innovation fund to ensure that the projects with the highest risks but the biggest potential pay-off are the ones that are invested in.