Defence Secretary reveals £400m investment for nuclear-armed submarines
The Defence Secretary Gavin Williamson has announced a £400 million funding boost for the Dreadnought programme, as he opened a new training academy and revealed the name of the second Dreadnought submarine.
The planned funding release, which supports the building phase of the programme, came as the Defence Secretary unveiled a £25 million BAE Systems academy that will upskill employees to work on Royal Navy submarines for the next two decades.
The £400million investment will safeguard more than 8,000 jobs in Barrow and across the UK, which are all supported by the £31billion Dreadnought programme and supply chain.
The announcement was made during the Defence Secretary’s visit to BAE Systems’ site in Barrow-in-Furness, where he also named the second Dreadnought submarine as HMS Valiant.
Mr Williamson said: “Next year marks half-a-century since British nuclear-armed submarines began patrolling the waters in response to the danger posed by the Cold War – and the world is again facing a raft of intensifying threats.
“This £400m investment will ensure the Dreadnought programme remains on track, so we continue to have a nuclear deterrent at sea for decades to come. Not only does today’s news see us safeguard 8,000 jobs right now, but I have also opened a brand new multi-million-pound facility to train Britain’s submarine engineers of the future.”
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