UK GOVERNMENT COURTS VENTURE CAPITAL TO BOOST DEFENCE INDUSTRY

The British government met with European venture capital firms on Wednesday in a bid to boost private investment into the country's defence industry, describing such opportunities as an "ethical investment" in the continent's security.

The meeting - attended by defence minister John Healey and convened by venture capital firms Plural and Ten Eleven Ventures - comes after Prime Minister Keir Starmer committed in February to lift defence spending to 2.5% of GDP by 2027, the biggest increase in the budget since the end of the Cold War.

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