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Competitiveness programme nets over £3bn for UK aerospace through increased productivity
Published:  14 November, 2018

Business transformation experts Sharing in Growth recently announced that productivity gains made through its aerospace competitiveness programme have resulted in more than £3 billion in contracts.

The announcement was made at a Department for Business, Energy and Industrial Strategy (BEIS) seminar opened by Secretary of State The Rt Hon Greg Clark MP. Sharing in Growth is supported by the Regional Growth Fund and by more than £150 million in private investment.

Welcoming the announcement, Greg Clark said: “Sharing in Growth continues to deliver exceptional results - securing contracts worth more than £3 billion, boosting productivity, creating quality jobs and helping companies grow by five times the industry average.

"The UK is a world leader in aerospace manufacturing and this programme is a fantastic example of our modern Industrial Strategy in action - bringing the Government and industry together to build on our excellent reputation and ensure we reap the rewards of future opportunities.”

The contracts secured thanks to Sharing in Growth include a £80 million six-year deal between Rolls-Royce Civil Aerospace and Glasgow-based Castle Precision Engineering which was also announced by Rolls-Royce chief executive Warren East.

Thanking Sharing in Growth for their support of Castle and some 60 other aerospace suppliers, Warren East said: “There is a national need for competitive and match-fit suppliers who are able to win work from companies like Rolls-Royce. What Castle has done is what we all do every day: look at our costs and how we can reduce them, look at how we increase the quality of what we do, and look at how – through clear leadership, technical and business process innovation – we can make our business more competitive and win more orders. Some of this we do ourselves, some of this we do with partners, including Government, and the Government’s funding of Sharing in Growth has made a significant difference to our supply chain, as well as to others in the aerospace sector.”

Sharing in Growth CEO Andy Page added: “Companies who we support to crack the productivity puzzle are competitive and win contracts, giving them the funds to reinvest in people, technology and growth so that they win even more business. Sharing in Growth is the UK’s largest productivity programme and has the scope and scale commensurate with the size of the challenge. Not only has Sharing in Growth been pivotal in supporting programme participants to secure £3.2 billion in contracts, over a year ahead of schedule, but we are well on target to safeguard 10,000 UK jobs by 2022, securing well over £60 of contracts for every £1 of Government investment.”