Andrew Stephenson – 2015 Parliamentary Question to the Department for Business, Innovation and Skills

The below Parliamentary question was asked by Andrew Stephenson on 2015-11-04.

To ask the Secretary of State for Business, Innovation and Skills, what assessment his Department has made of the ability of the UK aerospace industry to meet demand for new aircraft over the next 15 years.

Anna Soubry

The latest Airbus Global Market Forecast identifies a need for more than 32,500 new large passenger and freighter aircraft, worth a total of $4.9trillion by 2034. In addition, there is an estimated requirement for 24,000 new business jets, 5,800 regional aircraft and 40,000 helicopters by 2032, worth around $500bn. (Source: ADS)

The Government is working with the UK aerospace industry, through the Aerospace Growth Partnership, to ensure the UK sector has the capability and capacity to secure maximum benefit from this growth opportunity. A range of industry-led action is under way, supported where appropriate by Government, to increase the productivity and competitiveness of UK suppliers; and develop the product and manufacturing technologies required to meet future market demands.