£500 million funding for UK's Faslane naval base supply chain

1 September 2015

Thousands of supply chain jobs and opportunities have been secured following £500 million funding to guarantee the future of HM Naval Base Clyde at Faslane in Scotland, the UK government has claimed.

The funding for the Royal Navy’s flagship submarine base is expected to secure 6,700 jobs, create thousands more, and guarantee its future to at least 2067. The money will be spent on ship lifts, sea walls, jetties and other major projects at the naval base. The work, which is expected to start in 2017, will take 10 years to complete. The base currently has around 6,700 military and civilian staff and contractors, but this is expected to increase to around 8,200 by 2022.

The government said that from 2020, Faslane would be the Royal Navy’s Submarine Centre of Specialisation, with all of the UK’s underwater capability based in Scotland.

Announcing the funding, chancellor George Osborne said: “There will be thousands more jobs right here in Faslane, as well as across the UK supply chain.

“Across Scotland, around 12,600 people work in defence and my defence spending commitments will secure these jobs and provide huge opportunities for defence, security and technology companies all over the UK.”

The government said its investment would also support the UK’s defence and security exports industry. In 2014, UK defence and security exports totalled nearly £12 billion, making the UK the second-largest exporter of defence and equipment services after the US.

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