At a NATO summit in the Netherlands in June this year, the Prime Minister confirmed that defence spending will rise to 5% of GDP by 2035, in line with other NATO members. For councils, that commitment is significant. It represents one of the largest streams of sustained public investment in the economy over the coming years.
Unlike short-term regeneration pots, this spending trajectory is long-term, predictable, and a clear signal of where national Government is putting its money – and where opportunities for local growth will follow.
