Emma has welcomed the aerospace industry’s announcement that the majority of aerospace companies favour remaining in the European Union.

ADS Group, the industry body for aerospace, defence, security and space companies in Britain, has said that 70 percent of its members believe it would be better for their business if the United Kingdom stayed in the EU. Aerospace is an important local employer in Wolverhampton. UTC and Moog both have factories in the city.

Support for the UK’s continued membership of the EU was widespread across all four of the industries ADS represents; 76 per cent of Aerospace companies and 74 per cent of Space companies were of the view that the UK should remain part of the EU; across Defence this figure was 70 per cent and 69 per cent of Security companies agreed.

ADS Chief Executive Paul Everitt said “Our members recognise the benefits of the UK remaining part of the EU; access to integrated European supply chain; R&D funding which enables the UK to compete globally, and the ability to influence and shape EU regulation.”

Responding to ADS’s announcement, Emma said: “Aerospace is a vital local employer. Companies such as UTC are taking on more staff and apprentices in Wolverhampton. This survey is clear evidence that our aerospace companies benefit from Britain’s membership of the European Union. British aerospace is the largest aerospace industry in Europe and second only to the United States globally. It directly employs 100,000 people and has a turnover of over £20 billion a year.

“Leaving the EU would put all of these things at risk and would create years of instability and uncertainty. It would become harder to win inward investment and competing with other nations would become more and more difficult. The points that aerospace companies are making are therefore very important in this debate and need to be heard. Jobs and investment will be on the ballot paper at this referendum.

“I want to see a strong aerospace industry in Wolverhampton and a stronger local economy. Therefore I urge people in Wolverhampton to vote to remain in the European Union to ensure our aerospace industry is not weakened by a British exit that puts future jobs and investment at risk. Britain is stronger, safer and better off within the European Union.”

 

Key survey results:

• 70% of ADS Members believe it would be better for their business if the UK remained in the EU

• Opinion across all sizes of company and all four sectors – Aerospace, Defence, Security and Space – is overwhelmingly in favour of the UK remaining part of the EU:

• 69% of SMEs say better to remain

• 73% of larger companies say better to remain

• Only 10% believe it would be better for their business if the UK left the EU – and 20% responded ‘don’t know / makes no difference’

• 82% of ADS Members export to the EU; more Members export to the EU than any other region

 

A copy of the survey results press release is available online here and more information about the benefits of the EU, including company case studies, on the ADS EU microsite.