Aerospace Industry
(asked on 25th January 2017) - View Source
Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the contribution of the aerospace industry to economic growth in the (a) South West and (b) UK.
This question was answered on 30th January 2017
The aerospace sector has an annual turnover of around £30 billion, supporting 113,000 direct, high-skilled jobs across the UK, 22,400 of them in the South West. Average salary levels, at £38,600, are over 35% higher than the national average. Between 2009 and 2015, productivity growth has been six times more than the whole economy.