Department for Business, Energy and Industrial Strategy written question – answered at on 29 June 2020.
To ask the Secretary of State for Business, Energy and Industrial Strategy, pursuant to the Answer of 22 June 2020 to Question 59788; if will provide a breakdown of the £6 billion figure referenced in the Answer.
As stated previously, the Government is providing over £6 billion of support to the aviation and aerospace sectors. UK Export Finance expects to support £3.5 billion of aerospace exports over the next 18 months, up sharply from £1.15 billion over the past two financial years.
Under the Bank of England’s Covid Corporate Finance Facility, £2.16 billion of loans have been made to airlines and aerospace companies affected by a short-term funding squeeze.
We are also providing support over the next three years for research on the next generation of aerospace technologies, through £450 million of Aerospace Technology Institute programme funding, as well as £70 million through the Future Flight programme.
Yes1 person thinks so
No0 people think not
Would you like to ask a question like this yourself? Use our Freedom of Information site.