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UK government announces £365m research funding deal for commercial aerospace sector

18 Jul 2016
Funding jointly provided by the UK government and industrial partners will ensure the UK remains at the forefront of the global aerospace industry. 

The £365 million funding deal was announced alongside a major partnership with Boeing, which together will create 2000 jobs in the UK. Boeing annual spending with the UK supply chain has doubled over the last 5 years, along with a 100% increase in the size of its UK workforce.

Former Prime Minister, David Cameron said: “Whatever uncertainties our country faces, I want the message to go out loud and clear: the UK will continue to lead the world in both civil and defence aerospace. We aren’t just open for investment: we are a place the global aerospace industry wants to do business – as Boeing’s long-term partnership with the UK proves.”