EXECUTIVE SUMMARY • The UK aerospace sector employs 102,000 people across 2,655 companies and in just under 3,000 workplaces.


• Productivity in aerospace is high and the workforce generate nearly £50 worth of output every hour.


• Average weekly wages in the sector are £780.80, some of the highest in the UK. • The sector’s workforce injects almost £5bn into the UK economy via wages • The sector generates £9bn in Gross Value Added every year. • Lancashire has the most concentrated aerospace activity in the UK. • Over £34 billion worth of aerospace goods and services are exported every year, providing a cushion for the UK’s significant trade deficit. The aerospace sector exports around 72 per cent of its output.


• Aerospace companies account for 7 per cent of the UK’s total R&D annual spend. • Aerospace R&D is significant at £1.7bn (2017)


4


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36