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May promises aerospace boost ahead of mega airshow

16th Jul 18 8:31 am

Prime Minister Theresa May will today (16 July) set out how the Government’s proposal for a new relationship with the EU will secure millions of aviation jobs and strengthen Britain’s position as a leading aerospace nation.

In a speech officially opening the 2018 Farnborough International Airshow, she will tell an audience of aviation industry executives and UK business leaders that she wants to build on Britain’s global reputation and make the most of future opportunities.

The speech will follow a tour of the Farnborough site where the PM will see examples of the latest plane models, meet with key industry figures and watch a flypast including Spitfires and Red Arrows to signal the start of the event.

The Prime Minister will say:

“We can all feel incredibly proud of our position as a leading aerospace nation. By working closely together, Government and industry have ensured we remain at the forefront of civil aviation and that our air power is second to none.

“Today I want us to build on that, and ensure not only that we retain our prominence, but that in an increasingly competitive industry we make the most of the opportunities that lie ahead.

“On Thursday, the Government published its White Paper detailing our plans for an economic and security partnership with the EU.

“Our proposal sets out the right deal for the UK – honouring the democratic decision of the British people, protecting the integrity of our precious union, supporting growth, maintaining security and safeguarding British jobs.

“We will take back control of our borders, our laws and our money. But we will do so in a way that is good for business and good for our future prosperity.”

The PM will set in out in detail how the proposals agreed at Chequers earlier this month – including frictionless free trade of goods, the removal of barriers and the avoidance of a hard border in Northern Ireland – will protect the supply chains that companies such as Bombardier, Rolls Royce and Airbus depend upon to manufacture aircrafts.

As set out in the Mansion House speech, she will also confirm how the UK will explore how the UK could remain part of EU agencies critical for the aerospaceindustry, such as the European Aviation Safety Agency.

The PM will also announce:

  • £343m of investment for innovative research and development projects to transform the future of the British aerospace industry and continue the UK’s status as world leader in the sector.
  • Investment in new electric aircraft technology so UK companies are leading the way in cleaner, greener flights.
  • The beginning of discussions with industry on a new Aerospace Sector Deal, as part of the Government’s modern Industrial Strategy.

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