Brexit blueprint will guarantee aviation jobs, says May
The PM is to open Farnborough International Airshow with an announcement of £343 million for aerospace research.
Theresa May will say her controversial Brexit blueprint will safeguard millions of jobs in the aerospace industry as she officially opens the Farnborough International Airshow.
The Prime Minister will use the event on Monday to argue that establishing a “common rule book” with the EU for goods and customs will ensure the “frictionless” trade that companies depend on continues after Britain leaves.
By protecting the supply chains that companies such as Bombardier, Rolls-Royce and Airbus rely on, she will say the plan will cement the UK’s position as a leading aerospace nation.
Mrs May will also announce £343 million in additional research and development funding, including investment in new “cleaner and greener” electric aircraft technology.
We can all feel incredibly proud of our position as a leading aerospace nation Theresa May
“We can all feel incredibly proud of our position as a leading aerospace nation.
“By working closely together, Government and industry have ensured we remain at the forefront of civil aviation and that our air power is second to none,” she will say.
“Today I want us to build on that, and ensure not only that we retain our prominence, but that in an increasingly competitive industry we make the most of the opportunities that lie ahead.
“On Thursday, the Government published its white paper detailing our plans for an economic and security partnership with the EU.
“Our proposal sets out the right deal for the UK – honouring the democratic decision of the British people, protecting the integrity of our precious union, supporting growth, maintaining security and safeguarding British jobs.”
Her comments were welcomed by Paul Everitt, chief executive of the industry body ADS.
This is a strong statement of intent that will help build confidence and encourage investment Paul Everitt
“This is a strong statement of intent that will help build confidence and encourage investment as we look to make sure the UK benefits from sustained global growth in this high value manufacturing industry,” he said.
“The international political, military and business leaders visiting Farnborough will be reassured by last week’s Brexit white paper and are keen to hear more about the UK’s post-Brexit ambitions.”
Mrs May’s speech will follow a tour of the Farnborough site where she will see examples of the latest plane models, meet key industry figures, and watch a flypast including Spitfires and Red Arrows.
The airshow, the second biggest in the world, runs to Sunday.