Thousands of highly skilled jobs will be supported across the UK as the Prime Minister throws his support behind the aerospace industry
Thousands of highly skilled jobs will be supported across the UK as the Prime Minister throws his support behind the aerospace industry – with £975 million over the next 5 years for this key growth sector.
In a boost for aerospace centres in places like Broughton, Filton and Derby, the Government has extended the Aerospace Technology Institute (ATI) Programme. The extension will speed up innovation, create job opportunities and support an industry that is a source of pride for communities across Britain.
The Prime Minister will today (Friday 15 November) make his first visit to Wales since the Budget, which has one of the largest aerospace clusters in the world, employing over 20,000 people.
Prime Minister Keir Starmer said:
The government’s investment provides industry with long-term confidence in the UK as a place to in turn invest in cutting-edge aerospace technology and help extend the UK’s global lead in wings and engine manufacturing, whilst working to deliver zero-emission flights.
Bidding for the funding will open in January, with projects expected to begin from the Autumn.
Aerospace will also be at the heart of the government’s Industrial Strategy, while also having an important global role in achieving our Net Zero targets and defence, with the RAF and Royal Navy both relying on its technology.
Business and Trade Secretary Jonathan Reynolds said:
Ahead of the visit, the Prime Minister has also confirmed £49 million worth of aerospace projects in Wales. When combined, the South West and Wales design and assemble around half of the world’s large civil aircraft wings.
The Prime Minister added:
First Minister Eluned Morgan said:
Airbus UK Chairman John Harrison said: