§ 15. Mark TamiTo ask the Secretary of State for Wales what recent discussions he has had with(a) the Department for Trade and Industry and (b) the Treasury on repayable launch aid for the development of the aerospace industry in Wales. [83082]
§ Peter HainThe Government have been, and continue to be, supportive of the aerospace industry in the UK. Since 1997, we have committed nearly £1 billion in Launch Investment (previously known as Launch Aid) for major new large aircraft and engine projects.
My right hon. Friend, the Secretary of State for Trade and Industry, announced on 16 May this year the establishment of the Aerospace Innovation and Growth Team (IGT), led by Sir Richard Evans. The IGT, as part of its remit, is considering medium to long-term strategic issues affecting the aerospace sector, including the future of Government support mechanisms. Sir Richard and his team are currently about halfway 805W through their work, and I expect the IGT to report by next spring with recommendations and an agreed action plan to take the industry forward.