Ministry of Defence written question – answered at on 6 July 2026.
James Cartlidge
Shadow Secretary of State for Defence
To ask the Secretary of State for Defence, whether he has held discussions with his Canadian counterpart on the Defence, Security and Resilience Bank.
James Cartlidge
Shadow Secretary of State for Defence
To ask the Secretary of State for Defence, whether he has submitted an official request for funding from the Defence, Security and Resilience Bank.
Luke Pollard
The Minister of State, Ministry of Defence
The Ministry of Defence is also working closely with HM Treasury and with Finland, Netherlands and other like-minded NATO allies on the establishment of a Multilateral Defence Mechanism (MDM). The Defence Investment Plan includes £400 million towards the UK’s contribution to the MDM.
This independent international financial institution will address our collective challenges in defence procurement by aggregating demand through procurement to achieve better value for money. It will lend to members for joint procurement, stockpiling on members' behalf, and supply chain finance. This mechanism will help member countries improve capability, interoperability and value for money, while giving industry greater demand certainty.
We continue to work with close allies like Canada on shared objectives in advance of Ankara.
Secretary of State was originally the title given to the two officials who conducted the Royal Correspondence under Elizabeth I. Now it is the title held by some of the more important Government Ministers, for example the Secretary of State for Foreign Affairs.
