The Aerospace Industry （航空航天工业）.pdf

The aerospace industry: statistics and policy Standard Note: SN/EP/00928 Last updated: 5 March 2015 Author: Chris Rhodes, David Hough and Matthew Ward Section Economic Policy and Statistics Section The Government consider the aerospace industry a “phenomenal success story” and a sector that offers “tremendous opportunities for growth”. According to an industry survey the UK has a 17% global market share in aerospace industry revenues, making it the largest in Europe and second only to the US worldwide. In 2013, the industry  Had a turnover of £25 billion  Employed 84,000 people  Contributed £9.4 billion to the economy In 2014, the UK exported aerospace goods worth £ 10.5 billion and imported aerospace goods worth roughly the same. The Coalition Government has created the Aerospace Growth Partnership Group to support the industry, prioritised advanced manufacturing in its 2011 Growth Review, created the UK Aerospace Technology Institute in March 2013 and has supported exports through UK Export Finance. This note analyses key statistics and presents details of how Government policy supports the industry. This information is provided to Members of Parliament in support of their parliamentary duties and is not intended to address the specific circumstances of any particular individual. It should not be relied upon as being up to date; the law or policies may have changed since it was last updated; and it should not be relied upon as legal or professional advice or as a substitute for it. A suitably qualified professional should be consulted if specific advice or information is required. This information is provided subject to our general terms and conditions which are available online or may