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Written question asked by Jamie Stone (Liberal Democrat) on Wednesday, 10 June 2020, in the House of Commons. It was due for an answer on Monday, 15 June 2020 (named day). A holding answer was provided on Monday, 15 June 2020. A substantive answer was provided by Nadhim Zahawi (Conservative) on Tuesday, 16 June 2020 on behalf of the Department for Business, Energy and Industrial Strategy.

Aerospace Industry

Question

To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the implications for his policies of plans in (a) France, (b) Germany and (c) the US to support their domestic aerospace industries.

Answer

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-backed and guaranteed loans made available to support businesses across the UK. The Government will continue to support all those affected by the crisis.

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, various 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 continue to work closely with the UK’s aerospace sector to understand what more can be done.

Secondary information

Type
Written question
Reference
58050
Session
2019-21
Related items
Aerospace Industry: Sutherland
Tuesday, 23 June 2020
Written questions
House of Commons
Subjects
Germany France USA Aerospace industry
Contains statistics
Yes
Link
View this Written question on www.parliament.uk