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Why Sharing in Growth?

Why Sharing in Growth?. 1. Aerospace industry expected to double in size in the next 10 years. Bespoke programme to address barriers to growth. Companies need to deliver globally competitive performance. UK government priority. £2.8 trillion opportunity by 2031. Section 1 - Why.

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Why Sharing in Growth?

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  1. Why Sharing in Growth? 1 Aerospace industry expected to double in size in the next 10 years Bespoke programme to address barriers to growth Companies need to deliver globally competitive performance UK government priority £2.8 trillion opportunity by 2031

  2. Section 1 - Why 1 1 Why Sharing in Growth? 2 Who… … What… 3 4 Where… 5 How…

  3. Why Sharing in Growth? • The UK Civil Aerospace industry, with 3,000 high-tech and high-skill companies with 230,000 employees, is the largest in Europe and 2nd largest in the world. • The industry is expected to double in size in the next 10 years, with an anticipated total global Civil Aerospace market in excess of £2.8 trillion by 2031, with over £450 billion from the UK. • For UK suppliers to share in this growth, companies need to accelerate delivery of competitive performance. • Source AGP, further information can be found at www.gov.uk/government/publications/lifting-off-implementing-the-strategic-vision-for-uk-aerospace • KPMG, ‘The Future of Aerospace – A Study on the Outlook for the UK Civil Aerospace Manufacturing Sector’, June 2013

  4. UK industry needs to compete globally The growth isn’t simply moving to emerging markets, it’s being taken by established countries such as USA, Canada, Germany, France and Japan.

  5. Addressing barriers to growth Competitive Disadvantage UK Supply Chain Sourcing Criteria Root Causes Cost, Quality & Delivery Productivity • Low level of labour productivity • Outdated manufacturing processes (25%) Competitive advantage Supply Management • Weak purchasing / low leverage • Non optimal supply chain design (100%) (75%) Financial Acumen • Cost modelling • Limited financing schemes • Business planning integrity Leadership Capabilities • To deliver significant organisation growth • To compete in a global market Strategy Current UK supply chain cost before SiG Competitive cost level after SiG

  6. What is being done in the UK Technology Capital and Finance Skills and Capability • AGP Aerospace Technology Institute (ATI) • AGP National Aerospace Technology Exploitation Programme (NATEP) • Catapult Centres • Knowledge Transfer Network (KTN) • AGP Banking Forum • UKTI Export Credit • European Investment Bank • Business Growth Fund • AMSCI • Apprentice support • Funded MSc’s • SC21 • Doctoral training centres • Sharing in Growth

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