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Aerospace Industry: Finance

Question for Treasury

UIN 114949, tabled on 12 November 2020

To ask the Chancellor of the Exchequer, if he will take steps to support jobs in the aerospace sector supply chain by establishing a long-term supply chain investment fund to recapitalise suppliers who are unable to take on new debt.

Answered on

20 November 2020

I am aware of the challenging conditions facing the aerospace sector. That is why we are supporting the aerospace sector and its aviation customers with over £9 billion support through the Bank of England’s Covid Corporate Financing Facility, grants for research and development, loan guarantees and support for aerospace exports.

Answered by

Treasury