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.”