UK Defence Tech 2024

Advancing National Security through Innovation

In partnership with MD One Ventures, we analyse the innovative companies that make up the UK’s defence technology sector.

This report looks at 384 high-growth companies in the UK that are developing technologies with defence applications or have received funding from organisations with a focus on the security sector.

Alongside this core company set, this report also delves into the “dual-use” aspects of defence technology. These are companies with offerings that can serve both military and civilian uses, operating across a range of sectors adjacent to traditional defence technology. Whilst private investment has fallen in the core industry of defence technology, this report shows the relative resilience of investment in these dual-use sectors.

Inside the report

About the authors

  • Henry Whorwood Managing Director

    Henry leads our Research & Consultancy team, and is an expert on equity finance and high-growth business. He's worked on briefs for the likes of Barclays, SyndicateRoom, Innovate UK, Smith & Williamson and British Business Bank. He regularly gives presentations on market trends at events around the UK.

  • Daniel Robinson Senior Research Manager

    Daniel conducts data manipulation and analysis as part of the Research & Consultancy team. He has a background in business analysis and commercial copywriting in Australia and the UK, having worked at The Sunday Times Fast Track, Oxford University Press, and advertising network MullenLowe Group.

  • Freya Hyde Senior Designer

    Freya performs data visualisation and graphic design in the Research & Consultancy team. She has worked on projects for clients including Barclays, EY and JP Morgan. Freya holds a BA in History (International) from the University of Leeds, which included a year at Fudan University in Shanghai.

  • Bila Turay Research Manager

    Bila handles data analysis and visualisation, as well as project management. Before joining Beauhurst, Bila worked at an R&D Tax consultancy. She graduated from the University of Warwick with a Master of Chemistry (MChem).

  • Advone Katsande Graduate Associate

    Advone writes copy, and performs data analysis and visualisation. She has written on the nature of Venture Capital Trusts, and worked on projects for Rawnet and Deloitte. She read Law at the University of East Anglia, where she acquired her undergraduate LLB.

  • Blanca Valencia Graduate Associate

    Blanca handles data analysis and visualisation, as well as copywriting. Prior to joining Beauhurst, Blanca graduated from Queen Mary University of London, where she was awarded a BSc in Computer Science with Management (ITMB).

  • Harry Walker Graduate Associate

    Harry conducts data analysis and visualisation. Prior to joining Beauhurst, Harry graduated from Loughborough University, where he was awarded a BSc in Economics, having also completed a Placement Year working in Risk Analysis at the Bank of England.

  • Justin Tsui Graduate Associate

    Justin handles data analysis and visualisation, as well as copywriting. Before joining, Justin graduated from Imperial College London, where he was awarded a MSc in Applied Biosciences and Biotechnology. He has also previously worked in consulting and academia.

  • Evangeline Luckhurst Graduate Designer

    Evangeline performs graphic design and data visualisation in the Research & Consultancy team. Prior to joining Beauhurst, Evangeline graduated from University for the Creative Arts, where she was awarded a BA(Hons) in Illustration and Animation.

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