Aerospace Industry: Government Assistance

(asked on 16th June 2020) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, how much financial support his Department has allocated to the aerospace sector since the start of the covid-19 lockdown; and what plans he has to provide further support to that sector.


Answered by
Nadhim Zahawi Portrait
Nadhim Zahawi
This question was answered on 22nd June 2020

Aerospace companies have benefitted from the Government’s extensive financial support package, on top of existing support measures for the sector.

The UK’s aviation and aerospace sectors can expect to benefit from over £6 billion of support through UK Export Finance, the Bank of England’s Covid Corporate Finance Facility, research and development grants, and other measures.

We will continue to support the UK aerospace industry to get back on its feet to protect jobs across the UK.

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