The Ministry of Defence (the Department) publishes its Equipment Plan report each year, setting out its intended investment on equipment and support projects over the next 10 years. It assesses whether this is affordable within its future budget. The Plan includes equipment already in use, such as the Lightning II jets, and in development, such as the Type 26 global combat ship.
Each year, the National Audit Office has published a parallel report on the Department’s assessment of the Plan’s affordability and response to the financial challenges. This report examines:
- the affordability of the 2020-30 Plan, considering the Department’s approach to cost forecasting and reasonableness of its adjustments; and
- how the Department is seeking to manage the funding shortfalls.