Britain to Launch Business Hub in Ukraine Boosting Defence Ties

The UK plans to establish a business centre in Ukraine to assist smaller British defence firms. The centre aims to streamline security and insurance processes, enhancing cooperation between Ukrainian and UK defence industries. Britain has committed significant resources to support Ukraine, including £4.5 billion for defence in 2025.

The United Kingdom announced plans to establish a business centre in Ukraine, aimed at supporting small and medium-sized UK defence enterprises in accessing the Ukrainian market.

This move underscores Britain's unwavering support for Ukraine, as illustrated by its £4.5 billion commitment towards defence and weaponry in 2025. Hosting a significant partnership event in Kyiv on Friday, the UK attracted more than 300 participants to strengthen defence ties.

The business centre will simplify operations for British companies by addressing security and insurance needs. UK Defence Minister John Healey highlighted that the initiative will not only foster job creation but also enhance cooperation between Ukrainian and British defence industries. Additionally, Britain and Ukraine's collaboration on Octopus interceptor drones, with production starting in Britain, further exemplifies their close partnership. The centre is slated to open later this year in Kyiv, backed by three years of government funding.

(With inputs from agencies.)