Aerospace – a key Investment sector in UK

Aerospace companies in the UK have a long history of being a leading aviation industry in Europe. Aerospace companies in the UK are competitors in all niches of aircraft manufacturing. There are lots of invest UK opportunities in the Aerospace sector. The industry tops second world wide in terms of employment creation and attracts highly skilled people. Despite the global recession, the industry performed quite remarkably showing little signs of its effects as companies saw through their long term contracts and development projects. Its remarkable performance records for international joint ventures such as the Airbus conglomerate on civil aircrafts and other military programs with the US have seen it prosper.

 

Invest UK in the Aerospace sector has experienced a boost recently from the sale of the UK manufactured Rolls Royce engines to major aircraft manufacturers in the world. In addition, UK supplies of aircraft hardware have been outsourced by the manufacturers for their other engine making programs. The North West Aerospace Alliance has been at the forefront of the UK aerospace growth and development. Most companies in the aerospace sector have invested part of their business in the UK and have greatly benefited from the UK Trade and investments. There are over 3400 aerospace companies in the UK out of which 750 are based in the South East.

 

The UK aerospace industry is second to the US’ with a highly developed defense sector that tops about 20 billion pounds in turnover and new orders totaling 26 billion. The involvement of the UK aerospace industry in major global programs has rendered the industry a global competitor with about 60% of the A380 Airliner being manufactured here. Investors in this industry have developed it into a global leader in systems design, integration, electronics avionics, advanced structure and others. This has subsequently seen the UK rise as a major air transport hub with advanced technologies made in the UK being used world wide.

 

Investors in the aerospace industry have access to a large market thanks to the UK’s hold of a bigger percentage in terms of sales and production of Aerospace technology. It accounts for 23 percent of the European market by value. Invest in UK in Aerospace industry is helped by employments of a workforce of about 271,000 people with 16% working in the south East. The North West of UK is a thriving location for investments in the Aerospace industry attracting about 10 of major US Aircraft manufacturers. It accounts for over a third of the UK’s output in this industry.

 

10 May 2010