A new initiative to promote Lancashire as the UK’s number one aerospace cluster will be launched at the Farnborough International Airshow when the Lancashire Enterprise Partnership (LEP) and Lancashire County Council (LCC) join together as ‘Aerospace Lancashire’.
The Aerospace Lancashire mission at the global trade show includes property and investment agents Colliers International, recently appointed to market the Samlesbury Enterprise Zone site.
Aerospace Lancashire’s stand is alongside a range of the county’s aerospace companies and suppliers, including Hurst Green Plastics from Whalley, Valuechain from Lancaster, Clitheroe’s Granada Material Handling, Blackburn’s Castle Metals, RuleIQ from Nelson, Burnley’s Hycrome Aerospace and Senior Aerospace from Earby. A number of major international companies with a significant Lancashire presence will also be exhibiting, including Kaman, Safran-Aircelle, Magellan, Rolls-Royce and BAE Systems.
Aerospace Lancashire, will be part of a North West aerospace presence at Farnborough facilitated by the North West Aerospace Alliance (NWAA) trade association.
During the five-day Farnborough trade expo, Aerospace Lancashire will be signposting delegates to all the local firms exhibiting, and championing the region’s collective aerospace strength.
Theywill also be highlighting how Lancashire is well positioned to take advantage of a rising global demand for better and more innovative aircraft, in both the civil and military sectors, over the next two decades.
In a recent report by the ADS, the UK’s aerospace trade body, it found that the UK market is set to benefit from $75bn investment in commercial aircraft over the next 20 years, with UK airlines requiring 900 new and replacement aircraft to keep up with increasing passenger numbers and new routes.
With 65% of a single aircraft cost-base currently derived from external suppliers, the ADS also calculated that there will be massive opportunities for those firms who are part of the aerospace supply chain, and also predicts that the aircraft aftercare and service market could be worth an additional $49bn between now and 2034.
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