FAC urges new UK government to back the aerospace industry

As one of the UK's success stories, CEO Alan Fisher is calling on the new Labour government to back the aerospace industry.


The Farnborough Aerospace Consortium (FAC) is calling on the UK’s new government to back the long-term future of aerospace innovation in the country.

Following the election of the Labour government last week, the consortium’s CEO Alan Fisher said the consortium represents hundreds of businesses in aerospace and related sectors.

And with the Farnborough International Airshow 2024, where billions of pounds worth of deals are set to be done, ready to launch in less than two weeks, he has urged the government to show its support for the sector as one of the UK’s success stories.

Fisher said: “FAC welcomes the new government’s recognition of the need for an industrial strategy.

“Aerospace and defence are long-term, highly successful sectors generating hundreds of thousands of highly paid, skilled jobs.

“The sector stands ready to contribute further to the economic growth ambitions of the government.

“This will need a strong industrial strategy for aerospace and defence to secure these benefits for the UK.

“And it is not just about businesses that work in aerospace and defence, but the thousands of companies – often SMEs – that make up the supply chains.

“The Aerospace Technology Institute (ATI), which creates the technology strategy for the UK aerospace sector and funds world-class research and development, must continue its important role.

“Furthermore, we hope that Advanced Aviation Mobility and the Future Flight Challenge will remain priorities as a lot of money and time has been invested in them.

“They are already helping us deliver sustainable and clean aviation fuel and a future for hydrogen power.

“It is also vital for the future of aerospace innovation that financial incentives remain, or otherwise things will stagnate. These include things like R&D tax credits and capital support.

“In the defence sector it is important that the new government understands the importance that business plays in supporting our world class army, navy and air force. So a certainty about defence budgets is desirable.

“Looking even further ahead it is crucial for the sector that we develop the necessary skills through an emphasis on STEM education.

“Strategies in these areas must be long-term ones and only by looking decades ahead and developing policies on that timescale will allow us to maintain our position as world leaders.

“We look forward to meeting any new ministers at the airshow and they can find us in Hall 1, stand 1317.”

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