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 approves another batch of funding for Successor submarine
Funding

February 9, 2016 · about 10 years ago

UK approves another batch of funding for Successor submarine

The UK Ministry of Defence has announced an additional £201 million of funding to support further design work for the Royal Navy’s next generation of nuclear submarines. The funding is within the £3.3 billion Assessment Phase of the Successor programme and will enable BAE Systems to develop the desi

2 minutes read
  • LinkedIn
  • X
  • Email

The UK Ministry of Defence has announced an additional £201 million of funding to support further design work for the Royal Navy’s next generation of nuclear submarines.

The funding is within the £3.3 billion Assessment Phase of the Successor programme and will enable BAE Systems to develop the design of the submarine, including the layout of equipment and systems, and to develop manufacturing processes, including the production of early prototypes. The announcement comes ahead of the next phase of the programme later this year.

According to the MOD, work on the submarine’s design will employ around 2,500 highly-skilled people in the UK from BAE Systems, Babcock and Rolls-Royce. Hundreds of potential suppliers, including Small and Medium Enterprises, have also been identified across the country.

Defence Secretary Michael Fallon said: “The round the clock nuclear deterrent is as crucial to Britain’s national security now as it has ever been. We use it everyday to deter extreme threats that cannot be countered by any other means. When there are 17,000 nuclear weapons in the world, we can’t wish away threats we face now and those that may emerge in the 2030s, 2040s, and 2050s.”

Chief of Materiel (Fleet) Vice Admiral Simon Lister added: “We are now in the detailed design stage of the most technologically advanced nuclear submarine in the history of the Royal Navy. Building on cutting edge developments carried out by the MOD, BAE Systems, Rolls-Royce and Babcock, this funding will allow us to continue to move forwards with the programme.”

Under the Successor programme, four Vanguard submarines, which currently maintain the UK’s nuclear deterrent, will be replaced from the early 2030s.

Within the next four years all the UK’s submarines will be based in Scotland. This will lead to the creation of 1,400 new jobs taking the total number employed at HM Naval Base Clyde to 8,200 by 2022.

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

FundingAuthoritiesVesselsCapital InvestmentsAmphibious & Support ShipsContractsShipbuildingBusiness & FinanceContracts & Tenders

Daily news in your mailbox

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

Trending Now

  1. 1TKMS, Fincantieri to expand cooperation in underwater and submarine sector
  2. 2Indian Navy commissions second diving support vessel
  3. 3GAO: US Navy attack sub decommissioning delays could cost over $3.1B
  4. 4Sweden orders four FDI frigates from Naval Group

Daily news in your mailbox

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

Subscribe free