Sharing in Growth held an introductory event for potential beneficiaries on 2 February which attracted some 70 attendees.
SiG’s chairman Bryan Jackson CBE opened by outlining the opportunities presented by aerospace growth in the civil, defence and MRO markets but warned that, without improvements in competitiveness, companies may lose out.
“Without doubt there is a huge opportunity: UK aerospace is growing ten times faster than the rest of the UK economy. Indeed the current backlog of 11,000+ aircraft and 20,000 aircraft engines is worth around £150 billion to the UK economy. To secure that business the UK supply chain has to be globally competitive. “
Bryan Jackson CBE – SiG chairman
SiG CEO Andy Page followed-up by explaining how the four year SiG programme was worth £1.2 million in transformation support to companies and was of a scale commensurate with the size of the challenge. There is no cash outlay for beneficiaries who only have to match the funding in kind based on the value of time dedicated to the programme by staff.