# UK brings forward defense spending to 3% by 2030

> Finance minister John Healey sets a new timeline for defense spending and pledges billions more for Ukraine.
- Title: UK brings forward defense spending to 3% by 2030 · CNBC
- Summary: Finance minister John Healey sets a new timeline for defense spending and pledges billions more for Ukraine. The UK set 2030 as its target to reach 3% of…
- Keywords: uk defense spending, john healey, ukraine aid, nato commitment, rolls-royce, british defense, business, finance, brings, forward, defense, spending
- Source: CNBC — https://cnbc.com/2026/10/28/uk-defense-spending-ukraine-aid.html
- Author: Elsa Ohlen
- Published: 2026-10-28T14:29:24+00:00
- Read time: 1 min
- Topics: uk defense spending, john healey, ukraine aid, nato commitment, rolls-royce, british defense, business, finance
## UK sets defense spending timeline
Finance minister John Healey announced on Wednesday that the UK will reach three percent of GDP in defense spending by twenty thirty, while reaffirming its NATO commitment to reach three point five percent by twenty…
## Ten billion pounds for Ukraine
Healey announced an additional ten billion pounds, which is thirteen point three billion dollars, in economic and military support for Ukraine, including five hundred million pounds in urgent military funding for this winter.
## Message to Moscow
Healey said Britain will stand with Ukraine for as long as it takes, sending what he called a clear message to Moscow about the country's commitment to supporting Ukraine.

> Today we send a clear message to Moscow: Britain will stand with Ukraine for as long as it takes.
## Defense industrial base investment
The National Wealth Fund and British Business Bank will deploy up to five billion pounds over the next four years into defence, dual-use technologies and sectors supporting national security to strengthen the UK defense industrial…
## Rolls-Royce turbine partnership
Rolls-Royce will develop its next-generation turbine engine technology in partnership with the UK government in an investment worth two point five billion pounds.
## Details to come next year
Healey told lawmakers the government will set out details of how it will meet its defense spending targets at the spending review next year, starting from a position of higher base spending.
## Key takeaway

The UK set 2030 as its target to reach 3% of defense spending as a share of GDP, while announcing an additional ten billion pounds in support for Ukraine.