Santander and EEF co-published a report on the UK aerospace industry, maintaining the sector would continue to grow and was already a global powerhouse to reckon with.
The aerospace industry is flying high, and the UK is one of the biggest players boasting the world’s second largest industry – predominantly due to SMEs.
Fancy flying off somewhere glamorous this weekend in your own private jet Although for most of us a seat on BA or easyJet is more familiar, the world of private aviation is changing with new players – many of them SMEs – disrupting the business models of this hitherto very discreet world and offering seats at lower prices than ever before.
Drones have received an increasing amount of attention in the UK, which has resulted in a group of airline pilots joining forces to create a drone training school – perhaps the Top Gun sequel will draw inspiration from the changing airspace.
A new £60m aerospace and 3D printing centre has been opened in Coventry by business minister Anna Soubry, who also revealed small businesses in the aerospace sector are able to apply for investment from a £10m fund.
The Government today announced £154m in new funding for the British aerospace industry.
The European aerospace and defence (A&D) sector grew more than four times as quickly as the United States’ A&D industry in the last financial year.