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The Defence Growth Partnership (DGP) is to be co-chaired by MBDA UK managing director Steve Wadey and business minister Michael Fallon.
The partnership is to look at how links between civil and military technologies can be better exploited, the skills required for the sector and how there can be more flexibility in the workforce between the defence sector and advanced manufacturers.
The intention to form the DGP was first announced by the prime minister at this year’s Farnborough International Airshow.
Fallon said: “The UK’s defence sector is world class – employing the latest technology and advanced engineering to products relied upon by armed forces around the world. In doing so, it provides many thousands of highly skilled jobs in the UK and is an important part of the nation’s industrial base.
“Along with other parts of the economy, the sector is facing tough times. This new partnership between government and industry will help address the barriers to growth for the sector.”
Wadey added: “We are committed to investing in the skills and industrial capability needed for future prosperity. Working in partnership with the government, the defence industry will play its role in driving growth in the UK economy.”
The UK’s defence industry contributes more than £22bn to the UK economy, of which £5.4bn is from exports. A total of 107,000 people are directly employed by the sector.