Prime Minister's Speech on the Economy
Following today’s speech by the Prime Minister around the economy and the setting of the goal of producing the world’s first net zero long haul passenger plane jet zero, ADS Chief Executive Paul Everitt said:
“Today’s speech from the Prime Minister is a welcome acknowledgement of the skills and expertise the UK’s aerospace sector provides. Now the Government needs to extend funding of the Aerospace Technology Institute out to 2036 to enable us to deliver the goal and make the UK a world leader in hybrid and electric aircraft.
“Alongside boosting investment in aerospace innovation, Government should establish a long-term investment fund for our supply chains, use procurement opportunities to maximise prosperity from defence and space projects, provide targeted resources for the UK’s security and resilience sector and ensure direct support to safeguard jobs and skills.”