• Diversification through ground‐breaking new UK technologies. For example, Rolls‐ Royce's Small Modular Reactor (SMR), which requires £500 million Risk and Reward funding to bring it to market but has the potential to exploit a multi‐billion‐pound global market and contribute to reducing greenhouse emissions around the world.


• Research and Development needs to be increased and the current 50/50 ratio between government and companies changed to 80/20 to bring us in line with those of France and Germany. This will enable bringing new green technologies quickly to market and being made in the UK including electrification, composites, and sustainable aviation fuels.


RECOVER


• Continued support for aerospace apprenticeships to close the growing skills gap across an ageing workforce. We also need flexibility with the government apprenticeship levy so, for example, companies can draw on their funds to support apprentices in their UK supply chain. Again, UK government support must come with conditions to aerospace companies to maintain and continue with apprenticeships.


• Taking the right path. We are at cross‐roads for the UK aerospace industry. If we do not quickly see large‐scale government intervention and a strategy, we will severely damage the long‐term health and resilience of major companies and SMEs in the sector, losing our leading global position while competitors who have intervened with an overall supportive strategy move ahead.


UKaerospace World-beating, let’s keep it that way


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