Overseas defence firms to reinvest equal value in UK under new rules
Foreign companies that win large UK defence contracts will be required to invest an amount equal to the contract's value back into the country, Wes Streeting has announced.
Wes Streeting has announced new rules requiring foreign firms that are awarded major defence contracts in the United Kingdom to invest an equal value back into the UK economy.
The measure applies to overseas companies winning large contracts in the defence sector, linking the awards to domestic investment.