Bombardier Debate
Full Debate: Read Full DebateDepartment: Department for Business, Energy and Industrial Strategy
Jeremy Lefroy
Main Page: Jeremy Lefroy (Conservative - Stafford)Department Debates - View all Jeremy Lefroy's debates with the Department for Business, Energy and Industrial Strategy
(4 years, 12 months ago)
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Andrew Stephenson
Like other companies in the growing aerospace sector, Bombardier is transforming itself. In 2015—way before Brexit—the company announced a five-year plan to transform the business to reduce costs and to improve profitability and competitiveness, while also launching commercial and business jet programmes. Bombardier has been very clear that the decision to sell off the Northern Irish site and the Morocco site—definitely nothing to do with Brexit—has nothing to do with Brexit.
Jeremy Lefroy (Stafford) (Con)
Does my hon. Friend agree that this is an opportunity for UK-owned and UK-based companies to re-enter the major civilian aerospace sector, and that this is not just an opportunity to see it sold to some foreign-based buyer? It is our second biggest manufacturing sector after the automotive sector, and we now have the opportunity to see it come back into British hands.
Andrew Stephenson
My hon. Friend makes an excellent point. This is a golden opportunity for a number of businesses in the sector and for businesses that want to expand into the sector. It is a growing, profitable business that would make a sensible investment for anyone.