Theresa May pledges to boost UK aerospace amid Brexit concerns
Government-backed projects are set to dominate the first day of the Farnborough Airshow on Monday as Theresa May looks to soothe the industry’s fears over Brexit.
The Prime Minister plans to promise aviation bosses that she will secure millions of aviation jobs and strengthen Britain’s position as a leading aerospace nation.
“By working closely together, Government and industry have ensured we remain at the forefront of civil aviation and that our air power is second to none,” she is expected to say at the Farnborough Airshow.
“Today I want us to build on that, and ensure not only that we retain our prominence, but that in an increasingly competitive industry we make the most of the opportunities that lie ahead.”
Business Secretary Greg Clark will also confirm that the UK’s first spaceport will open in Sutherland, in the Highlands of Scotland, from the early 2020s in a move that will “create hundreds of new jobs” and attract millions of pounds in investment.
He will also unveil a new £2m fund for further spaceport launch sites across Britain as the government looks to bolster the UK space industry after Brexit. The commercial space sector is estimated to contribute £3.8bn to the UK economy over the next decade.