Aerospace Industry: Coronavirus

(asked on 8th July 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, what steps his Department is taking to support the financial recovery of the UK aerospace sector after the covid-19 outbreak.


Answered by
Nadhim Zahawi Portrait
Nadhim Zahawi
This question was answered on 13th July 2020

The aerospace industry is benefiting from the Government’s £330 billion of Covid-19 support, which includes the Coronavirus Job Retention Scheme. The aerospace and aviation sectors are also benefiting from support through UK Export Finance, the Bank of England’s Covid Corporate Financing Facility, and grants for research and development. We remain in active discussion with aerospace businesses, including at sector level through the Aerospace Growth Partnership, to do all we can to help industry through the Covid-19 pandemic and back to growth.

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