The aerospace industry and the Government have announced a 2 billion investment to keep the UK at the forefront of world manufacturing. <\/p>\n
The Government is investing 1 billion and the aerospace industry is matching the amount. <\/p>\n
The money, which is being invested over a seven-year period, will be used to create a UK Aerospace Technology Institute. <\/p>\n
The institute will help to develop the next generation of quieter and more energy-efficient aircraft, and it is estimated the investment will secure in the long term up to 115,000 jobs in the aerospace industry and its supply chain. <\/p>\n
Making the announcement during a visit to Airbus in Filton, Bristol, Deputy Prime Minister Nick Clegg said: \"Aerospace experts with highly specialised skills are working hard to make sure the UK remains Europe's number one aerospace manufacturer. <\/p>\n
\"We're doing all we can to maintain this jewel in our crown, which is why government is working hand in hand with industry to inject 2 billion into a unique long-term strategy to maintain Britain's position as the centre of aerospace technology. <\/p>\n
\"The UK's best technical experts can ensure we remain the world's preferred supplier and continue to build and design the planes of the future - lighter, quieter, faster and more fuel- efficient.\" <\/p>\n
Among the firms taking part in the Aerospace Technology Institute are Airbus, GKN Aerospace, Rolls-Royce, ADS, Messier-Dowty and AugustaWestland. <\/p>\n
Business Secretary Vince Cable, who chairs an aerospace business leaders' group, said: \"This long-term commitment of 2 billion investment in aerospace research and development - half Government, half private - will anchor the sector in the UK for a long time to come. Our aerospace sector already supports more than 3,000 companies and employs 230,000 people across the UK.\" <\/p>\n
Marcus Bryson, chief executive officer of GKN Aerospace and Land Systems and co-chair of the Aerospace Growth Partnership, said: \"The creation of an Aerospace Technology Institute puts the UK in a strong position to deliver the technologies, skills, capabilities and investment we need to take advantage of the exciting growth opportunities that are forecast for the sector.\" <\/p>\n
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Aerospace institute plan unveiled<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" The aerospace industry and the Government have announced a 2 billion investment to keep the UK at the forefront of world manufacturing. Continue reading