Oral Answers to Questions
Debate between Andrew Stephenson and Steve Double
Tuesday 15th December 2015
Read Full debate Read Hansard Text Read Debate Ministerial Extracts
(8 years, 5 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Andrew Stephenson (Pendle) (Con)
10. What steps he is taking to support the aerospace industry.
Steve Double (St Austell and Newquay) (Con)
14. What steps he is taking to support the aerospace industry.
The Minister for Small Business, Industry and Enterprise (Anna Soubry)
I was delighted that in the spending review the Government committed a further £900 million of funding for aerospace research and development, supported by the Aerospace Technology Institute. That means that this Government will invest almost £2 billion in aerospace research over 13 years to 2025-26, so our world-leading aerospace industry can stay at the forefront of development and capitalise on the estimated £3.6 trillion market for new aircraft that will be needed over the next 20 years.