The UK has faced an extended period of uncertainty, venturing into unfamiliar waters in trade, the economy, and its position within Europe and the rest of the world.
However, while this period of uncertainty is being navigated, some UK industries are providing the stability that is needed at this time. One such industry is the aerospace industry.
Standing as the second largest aerospace industry in the world, and the largest in Europe, the UK industry has long been a big player within the sector. Bringing a huge amount of profit into the UK, the aerospace industry is essential for our relationship with the rest of the world. In fact, roughly 90% of sales (£27.7bn) go to organisations outside of UK borders.
The importance of the UK aerospace industry is huge, particularly in regards to our relationship with the rest of Europe and how we will trade with these countries post-Brexit.
With this in mind, it is essential that we continue to develop and invest in the industry to retain our competitive edge in the market. With the unveiling of a £35m aerospace research centre near Milton Keynes, we are seeing that the aerospace industry within the UK will only continue to grow.
This growth and development will not only be able to provide greater innovation in aerospace, it will be hugely beneficial to the UK economy and the trade relationships we have with Europe and the rest of the world.
At this time when things look a little uncertain, what we can be sure of is the incredible importance of the UK aerospace industry.
Dean Group International are a Manchester-based investment casting foundry with many years of experience in creating precision castings. Their ELITE process is a new development providing high-quality, high-integrity aluminium castings to the aerospace and other industry sectors that need premium quality at competitive prices.
For more information, please visit: www.deangroup-int.co.uk