Today I am providing an update on our plans for the next stage of the fleet solid support ship programme.

I am pleased to announce that Team Resolute has been selected as the preferred bidder to provide three solid support ships for the Royal Navy. This appointment follows on from the award to BAE Systems in Glasgow of the £4 billion contract for five Type 26 frigates earlier this week. Both are good news for UK shipyards and the skill base.

Team Resolute, comprising Harland & Wolff, BMT and Navantia UK will, subject to final approvals from Ministers and HM Treasury, be awarded a contract worth £1.6 billion, before inflation, to manufacture the crucial vessels providing munitions, stores and provisions to the Royal Navy’s aircraft carriers, destroyers and frigates deployed at sea. The contract will deliver more than 1,000 UK shipyard jobs, generate hundreds of graduate and apprentice opportunities across the UK and a significant number of further jobs throughout the supply chain. Team Resolute has pledged to invest £77 million in shipyard infrastructure to support the UK shipbuilding sector.

Blocks and modules for the ships will be constructed at Harland & Wolff’s facilities in Belfast and Appledore, and this work will also support a significant UK-based supply chain. Some build work will also take place at Navantia’s shipyard in Cadiz in Spain, in a collaboration allowing for key skills and technology transfer to the UK from a world-leading shipbuilder.

The entire final assembly will be completed at Harland & Wolffs shipyard in Belfast, to Bath-based BMT’s British design.

The awarding of the contract will see jobs created and work delivered in Appledore, Devon, Harland & Wolff Belfast and within the supply chain up and down the country. This announcement is good news for the UK shipbuilding industry. It will strengthen and secure the UK shipbuilding enterprise as set out in the national shipbuilding strategy.

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Today, I am making a number of announcements on biodiversity day at COP27. This builds on the leadership the UK has shown throughout our COP26 presidency. We brought nature to the heart of COP for the first time in Glasgow—with more than 140 world leaders, representing 91% of the world’s forests, committing to halt and reverse forest loss and land degradation by 2030. The UK Government are continuing to demonstrate international leadership on nature and climate by:

Committing £30 million of seed finance into the Big Nature Impact fund, a new public-private fund for nature in the UK which will unlock significant private investment into nature projects;

Pledging an additional £12 million to the Ocean Risk and Resilience Action Alliance to mobilise investment in coastal and ocean natural capital;

Committing a further £6 million to provide capacity building support to developing countries to increase commitments to nature and nature-based solutions;

Announcing a new UK climate finance contribution of £5 million toward the Inter-American Development Bank’s (IDB) multi-donor trust fund for the Amazon to help tackle deforestation through community-led projects, while providing sustainable business opportunities to indigenous people whose livelihoods depend on them;

Spotlighting the vital importance of mangroves and their role in coastal resilience by endorsing the Mangrove Breakthrough led by the UNFCCC high-level champions and the Global Mangrove Alliance;

Highlighting the climate benefits of blue carbon through continued support for the new Global Ocean Decade Programme for Blue Carbon (GO-BC), which has now launched a new global graduate scheme for early career blue carbon researchers.

Global momentum is now behind plans to halt nature’s decline. I will be urging countries to build on progress at COP27 to renew action on nature and come together to agree a robust global plan for tackling nature loss at next month’s meeting of the United Nations convention on biological diversity (CBD) in Montreal.

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