Sharing in Growth nets £4bn for UK aerospace

This announcement comes ahead of this month’s Paris Air Show (17-23 June) where more than 50% of the programme’s 60 beneficiaries will be pursuing even more business and export opportunities.

Minister for Business and Industry Andrew Stephenson said: “Sharing in Growth is helping the UK advanced manufacturing supply chain compete on the world stage, creating high value 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.”

As not-for-profit organisation, SiG is supported by the Regional Growth Fund and by more than £150 million in private investment. Over 60 companies have benefitted from the programme across the UK.

Each company participates in a bespoke and intense training and business transformation programme that focuses on leadership, culture and operational capability delivered by SiG’s own 100 strong team of business coaches as well as a bank of world-leading experts. This includes The University of Cambridge’s Institute for Manufacturing, Deloitte, Industry Forum and the National Physical Laboratory.

SiG CEO Andy Page commented: “An integral part of the UK’s Industrial Strategy, Sharing in Growth is helping to boost the UK’s aerospace export drive. We are the UK’s largest productivity programme, having delivered more than 3 million hours of transformation support. And we have the unique scope and scale that’s commensurate with the size of the challenge of helping programme participants to win a larger share of the global aerospace market. Our programme is effective: we’ve secured more than £4 billion in contracts two years ahead of schedule. We are, therefore, well on target to safeguard 10,000 UK jobs by 2022.”

Among those taking their competitive offer to the Paris Airshow are CW Fletcher of Sheffield, Cumbria-based Oxley Group, and JJ Churchill of Market Bosworth, Leicestershire.

Set up by industry in 2013, SiG is endorsed by Airbus, BAE Systems, Boeing, Bombardier, GE, GKN, Leonardo, Lockheed Martin, MBDA, Rolls-Royce, Safran and Thales because it is helping the UK advanced manufacturing supply chain to become more competitive and win a larger share of global aerospace contracts, typically by addressing a 20% cost gap and targeting 50% productivity improvement.

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