Innovative Defence Financing Taskforce – Terms of Reference

The government is delivering a major increase in investment in the UK's defence and security to strengthen warfighting readiness, transform our Armed Forces and respond to a more challenging international security environment.

Delivering this ambition will require the government to bring all the tools at its disposal to bear, to make the best possible use of every source of finance and investment.

The Innovative Defence Financing Taskforce will bring new focus on how private and international finance can be maximised to support our national security, sovereign capability and resilience. The Taskforce will accelerate defence innovation and present more efficient ways of delivering capability as we work to meet our commitments to NATO. It will advance implementation of the Defence Finance and Investment Strategy and drive delivery of the concrete actions the government needs to take to enable this to happen.

The Taskforce will bring together experts from government, finance and the investment community to accelerate delivery of the existing investment and international joint procurement opportunities. It will identify new ways to support innovative financing, address barriers to investment and ensure accelerated delivery of new international and domestic approaches to financing and contracting.

The Taskforce will run until the next Spending Review.