Government is to provide £340m of loans to Airbus for the UK's involvement in the A350 project, a move which is said to “create and sustain” over 6,000 UK jobs.
Lord Mandelson announced the funding on a visit to the Airbus Filton site today where the project is taking place. He described the UK aerospace industry as one of the “crown jewels” of the home economy and manufacturing industry. “Aerospace is a sector that we are rightly proud of in the UK,” said Mandelson. “It…
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