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  • 5 hours ago
A new team that aims to help small businesses win more defence contracts and make defence an “engine for growth” has been launched by the UK Government.Luke Pollard, Minister for Defence Readiness and Industry, described small business as the “backbone of UK defence” as he announced the establishment of the Defence Office for Small Business Growth (OfSBG).

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00:00Today we're establishing the Defence Office for Small Business Growth as part of our mission
00:22to increase the amount of spend that the Ministry of Defence makes with small businesses across
00:26the country. We currently spend about five billion pounds a year and we want to increase that by 50%
00:32to seven and a half billion pounds by 2028. Now that's a huge increase that will create lots of
00:38jobs, lots of growth and make Britain stronger but to do that we want to make it easier for small
00:44businesses to be able to interact with Defence so we can procure faster and quicker and they can bring
00:49their products to market even faster as well. So it's the start of a process about making Defence
00:54more small business friendly, creating good jobs and growth and making sure that Defence is an engine
01:00for growth in every part of our country.
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