Marvin OnumonuCompanies funded by the Defence and Security Accelerator (DASA) have generated nearly £1bn in economic value and created more than 1,842 jobs across the UK, research from Beauhurst found.
The independent research, announced by the Secretary of State for Defence John Healey at the London Stock Exchange, reported that DASA’s work with small and medium-sized businesses brought in £972m in gross value added (GVA) between 2019 and 2023.
Companies backed by DASA secured an extra £592m in equity investment, with £174m raised in 2024 alone.
Anita Friend, head of DASA, said: “The Defence and Security Accelerator (DASA) is proud to be a key enabler for innovation.
“This Beauhurst report demonstrates DASA’s real-world impact on UK defence, security and economic growth, and highlights the importance of DASA’s work.
“DASA is committed to fostering innovation and supporting economic growth and by seeking and nurturing novel solutions from idea to impact DASA helps keep the UK safe and secure, ensuring defence and security capabilities remain second to none and supporting the government’s commitment to ensure the UK is a leader in defence innovation.”
