Naval Today
  • Vessels
  • Equipment & Technology
  • Operations
  • Capital Investments
  • Authorities
  • More news
JobsNewsletter
Naval Today logo

Your trusted source for naval and maritime news, part of the Navingo network.

Topics
  • Equipment & technology
  • Industry
  • Vessels
  • Operations
  • Training & Education
Network
  • NavalToday
  • Dredging Today
  • Offshore Wind
  • Offshore Energy
  • Maritieme Vacaturebank
Company
  • Advertising
  • Newsletter
  • Jobs
  • Report Your News
  • Privacy Policy

© 2026 Navingo. All rights reserved.

Home›Funding›UK Defence Secretary Announces Additional Multi-Million Pound Funding for Successor
Funding

October 30, 2012 · about 14 years ago

UK Defence Secretary Announces Additional Multi-Million Pound Funding for Successor

The Defence Secretary has announced an additional £350M worth of funding for the next stage of design work for Successor, the future generation of UK nuclear-armed submarines. This investment will sustain 1,200 UK jobs and makes clear the Government’s firm commitment to maintaining continuous at sea

2 minutes read
  • LinkedIn
  • X
  • Email

The Defence Secretary has announced an additional £350M worth of funding for the next stage of design work for Successor, the future generation of UK nuclear-armed submarines.

This investment will sustain 1,200 UK jobs and makes clear the Government’s firm commitment to maintaining continuous at sea deterrence for future decades.

The funding follows the initial £350M of design work announced earlier this year.

This announcement comes as Philip Hammond visited the home of the UK’s nuclear deterrent at Faslane on the Clyde and follows the successful firing of an unarmed Trident ballistic missile by HMS Vigilant during a test launch in the Atlantic Ocean last week.

HMS Vigilant is one of four Vanguard Class submarines which maintain the UK’s nuclear deterrent and this firing, the first in three years, confirms the credibility of the deterrent.

The Vanguard submarines will be replaced from 2028 by the Successor which is currently being designed by British companies.

As a result of today’s announcement, BAE Systems will proceed with an additional £315M worth of work, with a further £38M at Babcock.

Defence Secretary Philip Hammond said:

“ Our continuous submarine-based nuclear deterrent is the ultimate safeguard of our national security and the Government is committed to maintaining it, both now and in the future.

“The test firing and further investment in replacing the deterrent demonstrates that commitment.

“This latest expenditure for the next generation of nuclear-armed submarines is an investment in UK security and the British economy, sustaining high-quality jobs and vital skills.”

Commenting on the ongoing debate over Scottish independence, Mr Hammond said:

“We are confident that the Scottish people will choose to remain part of the United Kingdom.

“The Faslane complex is the largest employment site in Scotland with over 6,500 jobs underpinning the local economy.

“We have no plans to move the nuclear deterrent from the Clyde.

“On the contrary, we intend to move the Astute and Trafalgar Class attack submarines to Faslane, creating a further 1,500 jobs.

“The Scottish Government needs to explain how their policy would benefit Scotland’s economy and Safeguard Scottish jobs.”

First Sea Lord Admiral Sir Mark Stanhope said:

“The Royal Navy has for over 43 years continuously operated the UK’s nuclear deterrent to stringent safety standards and HMS Vigilant’s latest test firing before she returns to the patrol cycle reflects that successful deterrence is based upon strong determination.

“One of the core roles of the Royal Navy, the Continuous At Sea Deterrent remains an enduring strategic capability, underpinning our nation’s commitment to the preservation of peace in our uncertain world.”

All Royal Navy submarines will be based at Faslane by 2017, including the Astute and Trafalgar class attack submarines, which – along with the Sandown Class Mine Counter Measure vessels – will increase the workforce at the site to over 8,000 by 2022.

[mappress] Naval Today Staff,October 30, 2012; Image: Royal Navy

Reach the Naval Today industry in one go!

Naval Today is read by thousands of professionals every day.

Increase your visibility with banners, tell your story with a branded article, and showcase your expertise with a full-page company profile in our business directory.

CONTACT

Follow Naval Today on:

Filed under

FundingAuthoritiesEquipment & technologyCapital InvestmentsWeapons SystemsContractsShipbuildingBusiness & FinanceContracts & Tenders

Daily Naval, Defence and Maritime News in Your Mailbox

Join thousands of industry professionals who start their day with our newsletter.

Trending Now

  1. 1Leonardo to provide electric propulsion systems for ROKN's KDDX destroyers
  2. 2Navantia launches Spanish Navy’s submarine intervention vessel (VIDEO)
  3. 3US Navy orders additional Hammerhead anti-submarine mine systems
  4. 4TKMS ATLAS UK wins UK contract for submarine torpedo defense system

Daily Naval, Defence and Maritime News in Your Mailbox

Join thousands of industry professionals who start their day with our newsletter.

Subscribe free