Barclays’ links to the defence sector explained

Military helicoptor landing

We are committed to being transparent about our role as a bank and we are always willing to talk about the work we do and why we do it. 

The anti-defence movement criticises Barclays for financing defence manufacturers.  We are a bank which, like others in the UK, provides financial services to companies which make defence equipment alongside their civilian products.  These companies are an important contributor to our national security and at a time of increasing geopolitical instability, we don’t think taking away these services is the right thing to do.

On this page, you will find more about why we have taken this approach.  

Restrictions on where defence companies can export equipment are made by governments across the US, UK and Europe.  We will not undermine the national security choices those governments make. 

We respect that others may have different views, but we ask that they express them without intimidation or violence as we have seen from a very small number of activists, with attacks on our branches and staff or social media bullying of artists and players at events we sponsor. 

We continue to call for a peaceful resolution to the conflict in the Middle East and we stand ready to support those efforts where we can, including through humanitarian assistance. 

Answers to key questions

What are Barclays' links to the defence sector?

What has Barclays said about the conflict in Gaza?

Why are protestors damaging Barclays branches?

Why has Barclays had to step back from sponsoring certain music festivals this year?

Does Barclays think it’s right that arts and entertainment are targeted?

Is it true that you’ve divested from certain defence stocks?

Our media statements 

The defence sector

We provide vital financial services to US, UK and European public companies that supply defence products to NATO and its allies. 

Barclays does not directly invest in these companies.​

The defence sector is fundamental to our national security and decisions on the implementation of arms embargos to other nations are the job of respective elected governments.

 

Sponsorship

Barclays was asked and has agreed to suspend participation in certain festivals in 2024. Barclays customers who hold tickets to these festivals are not affected and their tickets remain valid.

The protestors’ agenda is to have Barclays debank defence companies which is a sector we remain committed to as an essential part of keeping this country and our allies safe. They have resorted to intimidating our staff, repeated vandalism of our branches and online harassment.

The only thing that this small group of activists will achieve is to weaken essential support for cultural events enjoyed by millions. It is time that leaders across politics, business, academia and the arts stand united against this.

Further information

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Explainer: Providing financial services to the defence sector - we explain why

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Guardian article from Barclays Group CEO, CS Venkatakrishnan

Close up view of a military Wildcat helicopter practicing low flying and tactical stops over agricultural fields on the south coast of the UK with blue cloudy sky in the background.

Defence and Security Sector Statement

Some images on this page are licensed under the Open Government Licence v3.0 - UK MOD © Crown copyright 2023