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Hampshire at forefront of aerospace industry growth


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Government and industry have pledged an ambitious long-term partnership and £2 billion of investment to retain the UK’s position at the forefront of world aerospace manufacturing.


Launched by deputy prime minister Nick Clegg during a visit to Airbus at Filton, Bristol, the industrial strategy for aerospace sets out how government and industry will ensure the UK continues to thrive in the face of increasing global competition and is able to exploit rapid changes in technology.


Ministers also confirmed an additional £500 million of funding for other key sectors in its industrial strategy where the UK has a comparative global advantage, such as agricultural technology and automotive. Life Sciences One Year On was published in 2012 and strategies in all 11 key sectors will be published in the coming months to help secure sustainable future growth in the economy. The Government aims to at least double the £500m with industry funding by working in partnership with business.


Underpinning the aerospace strategy is £2b of investment over seven years to create a UK Aerospace Technology Institute (ATI). Government will provide more than £1b funding with industry matching this amount.


The ATI will allow industry and academic researchers to develop technology for the next generation of quieter, more energy efficient aircraft. It will secure in the UK the research and development activity


necessary to win work on future aircraft programmes. It is estimated this will secure up to 115,000 high-value jobs in aerospace and its supply chain in the long term.


David Fletcher, assistant director for economic development at Hampshire County Council, said: “Aerospace is a sector in which Hampshire is world leading and a high percentage of the UK’s aerospace companies have a presence here. We hope that with existing strengths in the aerospace sector, and with the support of the Farnborough Aerospace Consortium, companies in Hampshire will be at the forefront of the industry’s future growth.“


“Aerospace experts with highly specialised skills are working hard to make sure the UK remains Europe’s number one aerospace manufacturer,“ Clegg commented. “The UK’s best technical experts can ensure we remain the world’s preferred supplier and continue to build and design the planes of the future – lighter, quieter, faster, and more fuel efficient.“


Business secretary Vince Cable, who chairs an aerospace business leaders group, added: “This investment in aerospace research and development will anchor the sector in the UK for a long time to come.


“Our aerospace sector already supports more than 3,000 companies and employs 230,000 people across the UK. The potential for growth is huge. By 2031 the civil aerospace market will be worth in excess of $4.5 trillion.“


Laverstoke stands up to complaint


Laverstoke Park founder Jody Scheckter has refused to comply with the Portman Group’s ruling on labeling based on one single complaint about the image and branding on his ale.


“We have been selling Laverstoke Park beer and ale for more than five years. During that time we have only had one single complaint, this was received by the Portman Group,“ he explained.


“After several meetings, a lot of debate and in excess of £30,000 spent on legal fees, we decided


that to change our ale and lager label was not a viable option. It is not just the cost of the change – it would cost the farm tens of thousands of pounds in rebranding – but the loss of our brand identity in having our iconic Mr Laverstoke taken off the bottle; the Portman Group contested that he cannot appear much more significantly than he does on the bottle cap, which is 4mm.“


The dispute centred on whether or not the Mr Laverstoke branding, which was designed by Scheckter’s son, appealed to children.


THE BUSINESS MAGAZINE – SOLENT & SOUTH CENTRAL – MAY 2013


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