Industry and Regulators Committee — hearing of 7 July 2026: transcript & video · Polyfact

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Industry and Regulators Committee

7 July 2026

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Contents updated on 7 Jul 2026

The Committee Chair opens the inquiry on government–defence industry relations and the witnesses introduce themselves, followed by an outline of the Strategic Defence Review’s call for a new, mission-focused partnership model between MOD and industry with earlier engagement, faster contracting and scaling of rapid-procurement approaches.

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Opening and SDR partnership vision

00:03

Opening, inquiry scope and witness introductions

00:03

Strategic Defence Review vision — new partnership model

01:35

Supply base diversification, data gaps and risk appetite

06:48

Broadening the supply base, data gaps and innovation pace

06:48

Government risk appetite in procurement and obsolescence

11:01

Investment signals, SMEs, innovation scaling and cyber resilience

19:25

Financial attractiveness of UK defence and role of contracts

19:25

SME access, support structures and lessons from major projects

27:39

Promoting innovation while avoiding sweetheart deals and corruption

31:47

Supply chain visibility, Defence Supply Chain Capability Programme

39:01

Cybersecurity weaknesses in the defence supply chain

44:00

Cross-sector and international comparisons of defence–industry relations

51:25

Second panel introduction, T&E access and agile procurement models

59:00

Second panel opening — QinetiQ role and partnership priorities

59:00

Test and evaluation access, SMEs and the Innovation Gateway

01:03:16

Innovative procurement models for fast-changing technologies

01:07:28

Supply chain risk accountability and munitions stock resilience

01:11:47

Supply chain risk visibility and response expectations

01:11:47

Industrial capacity, stockpiles and risk tolerance on munitions

01:15:56

Regional impact, regulatory flexibility and international partnering models

01:19:02

Devolved authorities, local impact and defence growth deals

01:19:02

Regulation, assurance, and proposals for fast-track and sandboxes

01:22:26

Comparative government–industry relationships and lessons from QinetiQ’s model

01:26:51

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Industry and Regulators Committee

7 July 2026

Industry and Regulators Committee Tue, 7 Jul 2026 House of Lords

00:03 - 00:52

Speaker 1

Well, good morning and welcome to this meeting of the Industry and Regulators Committee. We're carrying out an inquiry at the moment onto the relationship between government and the defence industry. This is being broadcast on Parliament TV. There will be a full Hansard report of it and you'll have a chance to check that in case we've misunderstood any of your words. If I may though, just introduce myself.

I'm Dianne Hayter, the chair of the committee and I think this is our fifth evidence session. So we're very grateful to you for giving your time today. I'll introduce my colleagues as they put questions, but if for the moment you could begin just by introducing yourselves.

00:52 - 01:07

Speaker 2

Good morning. I'm Grace Cassy. I'm an investor with Ten Eleven Ventures and for the purpose of this inquiry I've also served as one of the additional reviewers on the 2025 Strategic Defence Review.

01:07 - 01:32

Speaker 12

Morning, I'm Colin Maund. I'm chief executive of an organisation called Hellios and the relevance of this is that we run a system in the UK called JOSCAR, which is a system for managing suppliers to 32 or 33 prime contractors and the MOD.

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