What Happened
Barriers to Growth Despite Strong Confidence and Government Support
Despite strong confidence among UK defence tech firms, many are struggling to turn successful trials into contracts due to complex procurement and gaps in growth finance. A new Barclays report highlights the challenges faced by these companies, which could hinder the growth of the UK’s defence technology sector. The government has introduced measures to support defence innovation and smaller suppliers, but more needs to be done to address the barriers to growth, as reported by Unknown Source.