Asked by: Lord Empey (Ulster Unionist Party - Life peer)
Question to the Department for Business, Energy and Industrial Strategy:
To ask Her Majesty's Government what proportion of the financial support they provided to the aerospace sector during the COVID-19 pandemic was allocated to aerospace manufacturers in the UK.
Answered by Lord Callanan - Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
The Government has put in place substantial cross-economy support measures to help the UK economy through this pandemic.
Due to the nature of these support measures, it is not possible to set out in full the proportion provided to the aerospace sector. However, we are able to confirm that UK aerospace manufacturers and their aviation customers, over the next 3 years, will benefit from £8 billion in export guarantees and have utilised up to £2.6 billion in Covid Corporate Financing Facility support. The Aerospace sector will also continue to be supported by the £150 million per annum Aerospace Technology Institute research and development programme and the £125 million Future Flight research and development programme.
These figures do not include other measures such as the Job Retention Scheme which, we know, the aerospace sector will also have benefited from.