London announced today that it increases £ 2 billion (EUR 2.38 billion) the ability to loan loan loan dedicated to defense from the UKEF Public Service to stimulate weapons exports to British industries.

This decision will ‘Unlock new opportunities for British exports in the field of defense’mainly concerning ‘Rockets, aircraft and armored vehicles’, states a statement by the government.

The UKEF direct lending mechanism grants credits to other governments for the purchase of goods and services from the United Kingdom.

During the financial year 2023-2024, £ 8.8 billion loan, guarantees and insurance were distributed to support the development of British exports in the field, according to the announcement.

His government Star star It made it clear last month that it means to increase defense spending to 2.5% of GDP by 2027, due to new security in Europe, and wants to grow further at 3%, to 3%. ‘During the next parliamentary period’in other words from 2029.

The British government has also recently announced an agreement to supply Kiev with over 5,000 missiles for anti -missile defense systems manufactured at a Thales plant in Belfast, Northern Ireland, at a cost of £ 1.6 billion (€ 1.9 billion).

London also announced early this month that it would simplify the processes of buying military material and will “Reduce the handicraft that slows down the supply of defense equipment, from ships to ammunition.”