Aerospace Industry

Department for Business, Energy and Industrial Strategy written question – answered at on 16 June 2020.

Alert me about debates like this

Photo of Jamie Stone Jamie Stone Liberal Democrat Spokesperson (Armed Forces), Liberal Democrat Spokesperson (Defence)

To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the implications for his policies of plans in (a) France, (b) Germany and (c) the US to support their domestic aerospace industries.

Photo of Nadhim Zahawi Nadhim Zahawi Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy)

Holding answer received on 15 June 2020

We continually assess the impact on global aerospace supply chains of other countries.

My Rt. Hon. Friend Mr Chancellor of the Exchequer announced a host of measures to help businesses through this period, including those in the aerospace sector, with £330 billion worth of Government-backed and guaranteed loans made available to support businesses across the UK. The Government will continue to support all those affected by the crisis.

We also co-fund aerospace research and development through the £3.9 billion Aerospace Technology Institute, as well as the £300 million Future Flight programme. In addition, the Coronavirus Job Retention Scheme has supported 8 million people, various loan schemes have awarded billions of pounds of support, and we have a world-leading export credit body that is expecting to support £3.5 billion of aviation exports over the next 18 months. We continue to work closely with the UK’s aerospace sector to understand what more can be done.

Does this answer the above question?

Yes1 person thinks so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.