Foreign defence contractors will need to invest in UK under new rules

Foreign defence contractors awarded contracts valued above a certain threshold will be required to invest an equivalent value back into the UK economy, Health Secretary Wes Streeting announced. The requirement applies to large defence contracts and is intended to ensure economic benefit flows to British industry. Streeting did not specify the contract value threshold or timeline for implementation.

• BBC — Foreign defence contractors will need to invest in UK under new rules

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