Prime Minister May has heaped praise on the UK’s aerospace sector at this year’s Farnborough Air Show, which took place in July.
Singling out in particular Poeton Industries, the Gloucester-based surface treatment specialist, the prime minister recognised the ‘skill, energy and innovation’ of Poeton and other suppliers working in the UK’s thriving aerospace industry, while praising the UK as a ‘leading aerospace nation’.
James Cooke, Director of Sales at Poeton, said: “We’re delighted to have been recognised by the prime minister in her speech. We work closely with the largest aerospace manufacturers to offer a world-class service and are proud of the part we play in the UK’s aerospace industry”.
Poeton has been supported by Sharing in Growth, the government-backed competitiveness improvement programme, which has helped UK aerospace supply companies secure a total of £2.5 billion in contracts – equivalent to some 4,500 jobs.
Established in August 2013, the programme helps aerospace supply chain companies to improve their productivity and competitiveness to be better placed to win a share of continued growth in the global aerospace market. Each company participates in an intense training and business transformation programme which enables them to double their sales turnover in around four years.
Sharing in Growth CEO Andy Page said: “With the commercial aircraft order book at a record high, the UK has a huge opportunity to increase its share of the global aerospace market. Increased productivity, skills and capability are essential for ambitious suppliers to win the worldwide competition on quality, cost and delivery.
According to ADS a trade organisation for companies in the UK Aerospace, Defence, Security and Space Sectors, which has over 1000 registered businesses as members, the aerospace sector directly employs 120,000 people in the UK, delivering high value jobs for a highly skilled workforce, and supports a further 118,000 jobs indirectly. With production rates rising around the world, UK aerospace output has grown by 39 per cent since 2011, with annual turnover now reaching nearly £32 billion.