Sharing in Growth and its beneficiaries enjoyed a very successful Farnborough International Airshow 2018.
Sharing in Growth (SiG) announced that it had helped programme participants secure £2.5 billion in contracts, some of those beneficiaries were visited or lauded by the Prime Minister and others announced significant business wins or met visiting VIPs.
Eighteen SiG beneficiaries exhibited at FIA18, the largest air show in the calendar with over 1300 exhibitors from 40 countries, spread across 70 thousand square metres of exhibition space, attracting 80,000 visitors from around the globe.
Most were displaying SiG collateral, which provided a constant reminder to visitors walking the halls. Among the highlights were:
- Theresa May’s show opening address, where she singled out three supply chain companies, all of which are SiG companies (Produmax, Poeton and Aeromet) and visited two of them on their stands. She announced a £334m technology fund and promised to start working with industry on a potential Aerospace Sector Deal to “tackle barriers to growth, increase productivity and competitiveness”.
- The SiG-sponsored Aerospace Growth Partnership Conference where CEO Andy Page joined speakers including CBI Director General Carolyn Fairbairn, Airbus Commercial CEO Guillaume Faury, UKRI CEO Sir Mark Walport and BEIS Deputy Director for Aerospace Paul Griffiths.
- Launch of the AGP Supply Chain Competitiveness Charter Report featuring 30 SiG beneficiaries.
- A meeting with Mark Carney, Governor of the Bank of England, for Produmax and Hyde Aero Products.
- Launch of the Women in Aviation and Aerospace Charter where SiG is one of the first 50 signatories to commit to promote gender balance across all levels in the sector.
- Tours by the Prime Minister, Defence Minister, Business Minister, Transport Minister and other ministers and MPs and the BBC which included SiG programme participants.
- SiG beneficiary JJ Churchill announced a 10-year £70 million contract with Rolls-Royce citing operational improvements and cost savings as part of its success.
Said SiG CEO Andy Page: “It was a very upbeat show, there is no doubt the growth is still happening. Our clear message was that we created SiG specifically to help companies compete and it is working. The economic argument for Government to invest in the supply chain is also clear and we are encouraged that so many of our beneficiaries and partners are keen to see the programme expanded.”