£38.1 bn to ‘Beef Up’ UK naval fleet

UK Ministry of Defence has published a new update of the “Defence Equipment Plan” which includes a significant increase of budget spending to boost its future naval fleet.

The Ministry of Defence has published its Equipment Plan each year since 2013, setting out its intended investment in equipment and support projects for the next ten years. As part of its global defence policy, the UK has also focused on establishing a balanced equipment program.

Over the next ten-year period, the government plans to invest £238 billion in equipment procurement and support, which represents an increase of £48 billion from last year’s report.

As for the Royal Navy plans, the investment will go up to £38.1 billion, which represents a significant increase compared to £30.6 billion at the end of the previous planning period.

Navy’s new investment is focused on improving the sustainability, lethality and availability of the fleet and delivering a more modern, high-tech and automated navy.

The lethality of the surface fleet will be increased by upgrading the air defence capability, Sea Viper, on Type 45 destroyers.

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