Question

To ask the Secretary of State for Business, Innovation and Skills, what proportion of the British-based aerospace sector is foreign-owned; and if he will make a statement.

Approximately 40% of the UK aerospace sector by employment is foreign owned^[1].

Most of the world’s leading aerospace companies have a presence in the UK, including those headquartered overseas.

[1] BIS analysis of the ONS Inter-Departmental Business Register (IDBR) looking at the ultimate parent of a company to determine ownership