UK Defence Secretary Michael Fallon has revealed a new National Shipbuilding Strategy that includes plans for the procurement of the Royal Navy's Type 31e general purpose frigates.
The government intends to procure five new Type 31e frigates as part of the first batch and will cap the price at a maximum of £250m each.
The National Shipbuilding Strategy is in line with the recommendations proposed by Sir John Parker in November.
It seeks to transform the UK maritime industry and bolster the economy of regions, shipyards and maritime supply chains across the nation.
The vessels are expected to be constructed in sections by different shipyards across the country and will be finally assembled at a central hub.
The first Type 31e ships are slated to be in service by 2023 and will be specifically built to meet the requirements of the British Royal Navy.
Participating companies will also be encouraged to work with global partners to ensure the frigates are competitive on the export market.
Fallon said: “This new approach will lead to more cutting-edge ships for the growing Royal Navy that will be designed to maximise exports and be attractive to navies around the world.
“Backed up by a commitment to spend billions on new ships, our plan will help boost jobs, skills, and growth in shipyards and the supply chain across the UK.”
The UK Ministry of Defence (MoD) intends to procure new vessels for the Royal Navy through its increasing budget and £178bn equipment plan.