"Highest level of take-up for three years, but a further rise in supply."

"Rising defence spending is set to accelerate investment in industrial and logistics infrastructure. From advanced manufacturing plants and R&D facilities to logistics platforms and high-performance computing and data centres, defence production requires a wide range of highly specialised assets."

"The defence landscape across the UK and Europe is being reshaped, particularly by the ongoing conflict in Ukraine – which has seen intensive consumption of munitions, the innovative use of uncrewed platforms and other software-enabled capabilities – and the prospect of further geopolitical volatility in Europe and further afield. In this section, PA examines the policy background"

"Defence supply chains across the UK and Europe are complex, spanning major contractors, specialist component suppliers, and emerging tech firms. In this section, PA explores the complexity of the scaling and productivity challenges that such supply chains face"

"Real estate can play a crucial role in addressing defence supply chain scaling challenges. In this section, PA discusses the necessary infrastructure to support increases in production capacity alongside investment in critical functions such as research and development"

"With the SDR representing the largest sustained increase in defence spending since the Cold War, Savills has been considering the implications for the industrial and logistics sector. In the following sections, Savills seeks to build on the insights from PA and quantify the impact"

"The MOD spent £52.8 billion and £54.2 billion on defence in 2022/23 and 2023/24, respectively. Of that, close to £30 billion was on the procurement of equipment and services"