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Can More Military Spending Revive an Economy? This British Town Hopes So.

The New York Times's profile
The New York Times
5h ago
Can More Military Spending Revive an Economy? This British Town Hopes So.

Context:

Barrow-in-Furness, an industrial town in northwest England, is hopeful that increased military spending by the British government will rejuvenate its local economy. The town is a key site for BAE Systems, which employs about 14,500 people and is set to expand due to a rise in defense spending and new submarine orders. The British government, aiming to boost local jobs and prosperity, plans to invest £200 million over the next decade to support the town's infrastructure and workforce. While this investment is expected to transform Barrow, residents are eager for more immediate improvements, such as better amenities and lower commercial real estate taxes. The town's development strategy includes attracting more businesses, improving education, and enhancing healthcare to ensure sustainable growth and community revival.

Dive Deeper:

  • Barrow-in-Furness, historically significant for building Royal Navy vessels since the 1870s, is set to receive a £200 million investment from the government to revitalize the local economy as BAE Systems expands its operations there.

  • BAE Systems, which employs a significant portion of the town's workforce, is planning to increase its staff by 20% over the next decade due to new submarine contracts, prompting the need for improved infrastructure and services in Barrow.

  • The government's strategy to use increased military spending to benefit local economies includes opening a BAE training facility in a former department store, which is expected to stimulate local business development and attract new enterprises.

  • Despite the planned investments, Barrow faces challenges such as a declining working-age population, lower-than-average health and education outcomes, and a town center suffering from retail decline and lack of amenities.

  • Residents and business owners, while optimistic about the long-term plans, express impatience for more immediate changes, including the need for more entertainment options, cheaper parking, and reduced taxes to encourage business growth.

  • The town's location, despite its proximity to natural attractions like the Lake District, limits tourist traffic, which impacts local economic development efforts.

  • The success of Barrow's transformation could serve as a model for other struggling towns in Britain, showcasing how defense spending can have a broader economic impact beyond immediate military needs.

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