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| Version 1 | Version 2 |
|---|---|
| Government to loan Airbus £340m | Government to loan Airbus £340m |
| (20 minutes later) | |
| The government is to give plane manufacturer Airbus up to £340m in loans for new projects, which is expected to secure 5,000 jobs. | The government is to give plane manufacturer Airbus up to £340m in loans for new projects, which is expected to secure 5,000 jobs. |
| The investment, announced by Business Secretary Lord Mandelson on a visit to Airbus, will be in the design and development of the A350. | The investment, announced by Business Secretary Lord Mandelson on a visit to Airbus, will be in the design and development of the A350. |
| It was welcomed by unions as a way of sustaining jobs at Airbus plants in Filton and Broughton, North Wales. | It was welcomed by unions as a way of sustaining jobs at Airbus plants in Filton and Broughton, North Wales. |
| In 2008, £60m was loaned to engineering firm GKN to design parts of the A350. | |
| Of the jobs being secured, 1,200 are direct Airbus positions, while the remaining 3,800 are across the supply chain, the Department for Business, Innovation and Skills said. | |
| 'Good news' | 'Good news' |
| It was "excellent news" for the UK aerospace sector and for the British workers within Airbus, he said. | It was "excellent news" for the UK aerospace sector and for the British workers within Airbus, he said. |
| "It shows British investment in and backing for important new technologies... that are going to maintain our competitive manufacturing strengths in Britain and keep us ahead of the competitive curve," he told the BBC. | "It shows British investment in and backing for important new technologies... that are going to maintain our competitive manufacturing strengths in Britain and keep us ahead of the competitive curve," he told the BBC. |
| It safeguards thousands of jobs across the UK, but in particular, it is good news for jobs in Wales and the South West Bernie Hamilton, Unite national officer for aerospace and shipbuilding | It safeguards thousands of jobs across the UK, but in particular, it is good news for jobs in Wales and the South West Bernie Hamilton, Unite national officer for aerospace and shipbuilding |
| "It is a really important day for Airbus and the workforce at Filton, but also for Britain's longer-term manufacturing future." | "It is a really important day for Airbus and the workforce at Filton, but also for Britain's longer-term manufacturing future." |
| Airbus chief executive Tom Enders welcomed the move to invest in the A350 XWB, which is an extra wide-bodied model. | Airbus chief executive Tom Enders welcomed the move to invest in the A350 XWB, which is an extra wide-bodied model. |
| Bernie Hamilton, Unite national officer for aerospace and shipbuilding, said: "This investment is a vote of confidence for UK manufacturing and a ringing endorsement of the government's aerospace strategy. | Bernie Hamilton, Unite national officer for aerospace and shipbuilding, said: "This investment is a vote of confidence for UK manufacturing and a ringing endorsement of the government's aerospace strategy. |
| "It safeguards thousands of jobs across the UK, but in particular, it is good news for jobs in Wales and the South West." | "It safeguards thousands of jobs across the UK, but in particular, it is good news for jobs in Wales and the South West." |
| Ian Godden, chief executive of the Society of British Aerospace Companies, said: "The Airbus A350 XWB is an extremely important programme for the future of the UK aerospace industry and this investment secures vital work across the sector." | Ian Godden, chief executive of the Society of British Aerospace Companies, said: "The Airbus A350 XWB is an extremely important programme for the future of the UK aerospace industry and this investment secures vital work across the sector." |
| He added that the A350 programme's role in developing skills and technology for the future sustainability of the UK aerospace industry could not be exaggerated. | He added that the A350 programme's role in developing skills and technology for the future sustainability of the UK aerospace industry could not be exaggerated. |
| The investment, called a repayable launch investment, comes after France and Germany promised to invest 1.4bn euros and 1.1bn euros respectively for the A350 project. | |
| The government's £60m investment for GKN, also a repayable launch investment, came as GKN bought part of the manufacturing operation of the Airbus factory in Filton, south Gloucestershire, for £136m last year. |