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Part of Oral Answers to Questions — Prime Minister – in the House of Commons at 12:00 am on 20th July 2016.

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Photo of Theresa May Theresa May The Prime Minister, Leader of the Conservative Party 12:00 am, 20th July 2016

My hon. Friend is absolutely right that Britain is open for business, and I know what an important role the aerospace industry plays in his constituency, as he pointed out with his reference to Rolls-Royce, and in constituencies across the country. I also know of the importance of the Farnborough airshow. My hon. Friend Sir Gerald Howarth was telling me last night what a great airshow it was. The Government committed at Farnborough to providing a new £365 million fund for research and development to ensure we retain our leading position in the sector. As my hon. Friend also said, a significant number of trade deals have already been signed, which shows that Britain is open for business. I would encourage other companies to go out there and get that business.