PARLIAMENTARY WRITTEN QUESTION
Aerospace Industry: Sutherland (18 June 2020)
Question Asked
Asked by:
Jamie Stone (Liberal Democrat)
Answer
I refer the Hon. Member to the answer I gave him on 16 June 2020 to Question 58050. 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 support for businesses across the UK. The Government will continue to support all those affected by the crisis, in all parts of the UK.
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, emergency 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 will continue to support the UK aerospace industry to get back on its feet, and back into a position of growth, protecting high paid jobs across the length and breadth of the UK.
Answered by:
Nadhim Zahawi (Conservative)
23 June 2020
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