Ben Wallace visits Tapa Barracks, Estonia, as UK defence secretary. Picture by Pippa Fowles / No 10 Downing Street.

Interview

January 10, 2024

UK’s former defence secretary pushes for £1bn defence tech fund

ESG rules are preventing Europe’s defence tech startups from raising capital, Ben Wallace says

Ben Wallace, the UK’s former defence secretary, says Europe needs an additional £1bn defence tech fund, warning Europe’s innovation in this area could “disappear across the Atlantic” without more financial support. 

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Cristina Gallardo

Cristina Gallardo was a senior reporter at Sifted based in Madrid and Barcelona. She covered Europe's tech sovereignty, deeptech and Iberia. Follow her on X and LinkedIn

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