Ukraine Support Loan Initiative
House of Commons · Written Statements · 13 Jul 2026 · 1 speech · Official Report
Today I am informing the House that the UK has signed a contractual agreement with the European Union for the UK to participate in the EU’s €90 billion Ukraine support loan initiative. This will help to ensure that Ukraine continues to receive the military capabilities it needs to defend itself, deter future aggression, and secure a just and lasting peace. It will enable Ukraine to procure a broad range of capabilities from UK industry, including artillery ammunition, air defence systems and long-range precision strike missiles. This complements the UK’s existing military support and demonstrates our unwavering commitment to Ukraine’s defence. The contract will also create valuable opportunities for the UK’s defence industry. By providing UK companies with the opportunity to agree contracts funded through the scheme, including as a UK prime contractor and in EU-based primes’ supply chains, it will help to sustain highly-skilled jobs, investment and industrial capacity across the United Kingdom, while delivering world-class capabilities to Ukraine, where they are needed most. The UK will make a fair contribution to the cost to the EU of providing the loan, proportionate to the value of the contracts awarded to the UK’s industry, thereby helping to share the burden of Europe’s collective security. If no contracts are awarded to UK companies, the UK will not be required to make a financial contribution to the loan. Just as importantly, this is a step forwards in the UK’s...