Dated 9 September 2026, a written parliamentary answer from HM Treasury — provided by Emma Reynolds in response to a question from an MP — sets out the UK government’s public position on cooperation with Canada over defence-industry finance. It states that Britain and Canada aim to bolster allied defence industrial capacity through international cooperation.
The reply describes Canada’s Defence, Security and Resilience Bank as proposed and indicates the UK’s Multilateral Defence Mechanism and the proposed Canadian bank address related defence-industry challenges. The governments committed to working together on how the two mechanisms can cooperate, an effort the answer says is ongoing and follows a July statement at the NATO summit in Ankara.
The written answer does not announce UK membership in the Canadian bank, any funding amounts, or a launch date for either mechanism. It frames the developments as continued work rather than final decisions.
