Established in August 2013, the programme helps aerospace supply chain companies improve their productivity and competitiveness, so they are better placed to win a share of continued growth in the global aerospace market. Each company participates in an intense training and business transformation programme which enables them to double their sales turnover in around four years.
Speaking at the Aerospace Growth Partnership’s FIA18 Conference, Sharing in Growth CEO Andy Page said: “With the commercial aircraft order book at a record high, the UK has a huge opportunity to increase its share of the global aerospace market. Increased productivity, skills and capability are essential for ambitious suppliers to win the worldwide competition on quality, cost and delivery.
“Sharing in Growth has the scale and intensity to ensure aerospace companies can accelerate their growth, typically by addressing a 20% cost gap. Having helped programme participants to secure £2.5 billion in contracts totalling over 22,000-man years of high value work, Sharing in Growth is well on target to safeguard 10,000 UK jobs by 2022 and to return £60 in contracts for every £1 of public investment.”
The Sharing in Growth programme is endorsed by Airbus, BAE Systems, Boeing, Bombardier, GE, GKN, Leonardo, Lockheed Martin, MBDA, Rolls-Royce, Safran and Thales, and is supported by the Regional Growth Fund, and more than £150 million in private investment.
Page launched the AGP’s UK Supply Chain Competitiveness Charter progress report at Farnborough. The Charter is a statement of intent by the industry to work together to meet the market need. It is supported by powerful interventions such as the ATI and Sharing in Growth, which, with long term commitment, can protect and grow the proud heritage of UK Aerospace.
It now has over 100 signatories, among them some 30 Sharing in Growth companies. The most recent signatory was Oxley, whose CEO Martin Blakstad said: “Oxley is pleased to sign the Charter. As an SME in a global market, it is essential we enhance our skills and productivity to meet customer expectations. We are planning to double turnover in five years and treble in 10, and are delighted to be working with Sharing in Growth’s business transformation experts to achieve that ambition.”
There are limited places left on the government-supported Sharing in Growth programme. Companies interested in how the programme can improve their competitiveness and productivity should register at: www.sig-uk.org/apply
