Sharing in Growth (SiG) has been granted an additional £30million by government to help an additional 24 UK aerospace suppliers to secure jobs and contracts by introducing world class leadership, skills, business and shopfloor practices. This is being supported by up to £170m from industry.
Companies already on the programme have secured contracts worth just over £1billion so far, equivalent to around 1500 UK jobs. Ultimately the programme’s goal is to safeguard 10,000 UK jobs.
Business Secretary Sajid Javid said:“Aerospace is a sector where the UK has genuine world-leading capability and I am delighted that the SiG programme has been so effective in helping supply chain companies improve productivity, secure business and jobs.
“The UK aerospace sector supports around 230,000 jobs and a further £900m funding for aerospace R&D up to 2026 shows our commitment to this vital sector.”
SiG is already helping 40 companies achieve their aim of an average 50% increase in productivity. SiG’s four year transformation programmes are designed to deliver and sustain improvements so that UK firms are better placed to compete for the continuing growth in the aerospace sector.
