Economic Growth & Environmental Sustainability Possible Through Aerospace
- UK sector worth pound352bn to 2029 also able to cut emissions
ADS today (Tuesday) launches its “Flying Forward” Aerospace Campaign in the Strangers’ Dining Room in the House of Commons between 1600 and 1800. Speakers at the event include Business Minister Mark Prisk who will deliver the key note speech, and Emma Reynolds MP, Chair of the newly established All Party Parliamentary Group Aerospace.
The UK Aerospace industry is a major national asset and is crucial to the economic future of the UK, while also delivering environmentally through cuts in carbon dioxide emissions and noise nuisance.
Analyzing the Global Aerospace and Defense Industry
Business Minister Mark Prisk, said:
“The UK aerospace industry is the largest in Europe and second largest in the world. It’s worth £23bn a year, of which 70 per cent is exported, and therefore makes a valuable contribution to UK PLC.
“The industry has the potential for significant expansion in the coming decades. That’s why the Government is working in the sector, through the Aerospace Growth Partnership, to achieve that potential, boost exports and grow the number of highly skilled jobs available in the UK.
“With growth comes a commitment to produce more efficient aircraft that minimise the impact on the environment. As part of our growth work we are working closely with businesses to ensure that aviation is sustainable, as we move further towards a low carbon economy.”
Rees Ward, CEO at ADS, said:
“Without a doubt the UK Aerospace industry is an immense asset to the UK in terms of the 360,000 jobs it supports and the high annual turnover, a major part of which comes through its impressive export book. In terms of looking to the future industry is investing nearly 8 per cent of its turnover back into R&D to ensure that the UK continues to be leading player in this vibrant sector. As our report “Flying Forward” shows if we maintain our global market share and keep up investment, Aerospace will be worth a total of £352bn to the UK by 2029.
“However this is not just economic growth at the expense of the environment. Current aircraft are producing 70 per cent less CO2 emissions than they did 50 years ago, while noise nuisance levels have dropped by 75 per cent over the last 30. Future projections show that even while traffic will increase, by 2050 there will be further 75 and 65 per cent reductions in CO2 and perceived noise emissions on a per passenger basis comparable to new aircraft in 2000.”
Further UK Aerospace facts:
- UK Aerospace has a 17 per cent global market share, making it the leading aerospace sector in Europe and second globally to the US
- Aerospace is worth £23bn per year to the UK, £16bn of which comes through exports.
- The industry employs 100,000 people directly and supports 360,000 in total
- The wider UK aviation sector (aerospace manufacturers, airlines, airports and air traffic managers) has come together as Sustainable Aviation to demonstrate how the use of new technology and operations can deliver CO2 emissions in 2050 that are below the level from 2000 despite forecasted trebling of passenger numbers. This “CO2 Roadmap” from Sustainable Aviation also features in the report.
Source : ADS