UK Government announces £298 billion Defence Investment Plan - Speech Brief
16 July 2026 09:49 UTC · UK Government · GOV.UK Speech · Source · Email X Link

UK Government announces £298 billion Defence Investment Plan

Key points

  • £298bn Defence Investment Plan with £31bn for air and space
  • Plans to build Europe’s first sixth-generation Air Force (Tempest and Storm Fighter)

TL;DR

  • Plan allocates £31 billion for air and space and names programmes for sixth-generation air capability
  • Includes £5 billion for drone innovation, £4.6 billion for GCAP design and test, and £182 million skills package
  • Announces new space systems group, six specialist space squadrons, and Storm Fighter autonomous combat aircraft
Original text

Colleagues, good to see you all again. It is a year ago since we came together and I reflected in my remarks at that point about the ever changing and evolving story of air power and importantly, the challenges ahead. Now, this is a story of constant imagination, invention and adaptation, in which we’ve had to evolve time and time again to stay ahead of those who threaten our security. And three weeks ago, in large p...

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