Menu
14/12/2011
Gov Pushes Aerospace Business Take Off
Business Secretary Vince Cable has said he plans to address barriers to growth, boost exports and increase the number of high value jobs in the UK's Aerospace industry.
During an Aerospace Business Leaders meeting this week - involving top executives from Airbus, Rolls-Royce, Bombardier Aerospace, GKN, Finmeccanica and ADS – Vince Cable said he discussed opportunities for growth in the UK aerospace sector.
The meeting also looked forward to the planning of the 2012 Farnborough Air Show.
Business Secretary and co-chair of the Aerospace Business Leaders group Vince Cable, said: “With around 100,000 people employed all around the country and contributing around £23bn a year to our economy, the aerospace sector is central to our plans to rebalance the economy.
”The global aerospace market is constantly changing, it is important that Government works closely with our leading businesses to provide support and help the industry maintain its world leading position. The internationally renowned Farnborough Air show next year, gives us an ideal opportunity to showcase the very best that British aerospace manufacturers have to offer.
The Business Secretary added that the UK's aerospace companies also had a diverse supply chain of some 3,500 companies in total, most of which were small to medium sized enterprises.
However, he said the evidence was that the UK aerospace supply chain was losing work overseas and announced a fund of up to £125 million to help reverse the trend.
(DW)
During an Aerospace Business Leaders meeting this week - involving top executives from Airbus, Rolls-Royce, Bombardier Aerospace, GKN, Finmeccanica and ADS – Vince Cable said he discussed opportunities for growth in the UK aerospace sector.
The meeting also looked forward to the planning of the 2012 Farnborough Air Show.
Business Secretary and co-chair of the Aerospace Business Leaders group Vince Cable, said: “With around 100,000 people employed all around the country and contributing around £23bn a year to our economy, the aerospace sector is central to our plans to rebalance the economy.
”The global aerospace market is constantly changing, it is important that Government works closely with our leading businesses to provide support and help the industry maintain its world leading position. The internationally renowned Farnborough Air show next year, gives us an ideal opportunity to showcase the very best that British aerospace manufacturers have to offer.
The Business Secretary added that the UK's aerospace companies also had a diverse supply chain of some 3,500 companies in total, most of which were small to medium sized enterprises.
However, he said the evidence was that the UK aerospace supply chain was losing work overseas and announced a fund of up to £125 million to help reverse the trend.
(DW)
Related UK National News Stories
Click here for the latest headlines.
09 March 2011
Government And Aerospace Come Together To Deliver Growth Programme
A new government and aerospace group set up to tackle issues affecting the competitiveness of the sector - met for the first time today.
Government And Aerospace Come Together To Deliver Growth Programme
A new government and aerospace group set up to tackle issues affecting the competitiveness of the sector - met for the first time today.
15 September 2008
Business Secretary Announces Backing For UK Aerospace
News that GKN will purchase Airbus's wing component and assemblies manufacturing facilities at Filton, has been welcomed by Business Secretary John Hutton. Part of the Airbus factory, based in south Gloucestershire, is to be sold to GKN for £136 million. The manufacturing operation, at the Filton site, makes wing components for Airbus.
Business Secretary Announces Backing For UK Aerospace
News that GKN will purchase Airbus's wing component and assemblies manufacturing facilities at Filton, has been welcomed by Business Secretary John Hutton. Part of the Airbus factory, based in south Gloucestershire, is to be sold to GKN for £136 million. The manufacturing operation, at the Filton site, makes wing components for Airbus.
01 March 2012
Businesses Urge Govt To Scrap 50p Tax
Over 500 business leaders are demanding the 50p top rate of tax be scrapped in the coming Budget. The letter, from the owners of 537 small and medium-sized businesses, to the Daily Telegraph urges the removal of the measure.
Businesses Urge Govt To Scrap 50p Tax
Over 500 business leaders are demanding the 50p top rate of tax be scrapped in the coming Budget. The letter, from the owners of 537 small and medium-sized businesses, to the Daily Telegraph urges the removal of the measure.
23 February 2011
Welcome For EU Review Of Support For Small Businesses
The UK Government, alongside other European member states including Belgium and Italy, today welcomed publication of the European Commission’s Small Business Act Review.
Welcome For EU Review Of Support For Small Businesses
The UK Government, alongside other European member states including Belgium and Italy, today welcomed publication of the European Commission’s Small Business Act Review.
17 January 2011
Simple Tax Laws 'Would Pay Off'
Some small business owners are so frustrated with the complexity of the UK tax system that they would pay more just to see it simplified, new research has found.
Simple Tax Laws 'Would Pay Off'
Some small business owners are so frustrated with the complexity of the UK tax system that they would pay more just to see it simplified, new research has found.
-
Northern Ireland WeatherToday:A rather cloudy morning, with a little patchy light rain or drizzle to start. Skies clearing and becoming dry and increasingly sunny in the afternoon. Maximum temperature 13 °C.Tonight:Dry with prolonged clear spells through the evening and overnight. This will allow for some fog patches to develop in places overnight. Minimum temperature 2 °C.
