Nick Clegg and Vince Cable open £100m Rolls-Royce factory
Originally published by UK Liberal Democrats
The factory will produce essential plane engine fittings and will make parts used to power aircraft made by Airbus, Boeing and Bombardier.
The new factory will safeguard hundreds of highly-skilled manufacturing jobs in the North East, providing economic security for the future and ensuring this highly advanced work does not go to overseas competitors.
During the visit, Nick and Vince also announced £45m joint government and industry funding for three projects led by Rolls-Royce through the Aerospace Technology Institute to develop new technology for low-carbon aircraft engines.
The £45m funding will be used for research and development to reduce carbon emissions by using lightweight composite materials to make Rolls-Royce engines.
"We should be really proud that the UK is the number one aerospace industry in Europe and a world leader in innovation.
"The highly skilled workers at the new Rolls-Royce factory are leading the charge for innovative technologies that are made in Britain. And the government's investment of £45m alongside industry will help to ensure the UK continues to build and design the planes of the future.
"I am working hard in the coalition to ensure that aerospace continues to boost growth in the North East and across the country, building a stronger economy and doing it fairly."
"The UK is at the forefront of the global aerospace industry, and investments such as this new factory from Rolls-Royce will help to keep us there. The projects that we are funding through our aerospace industrial strategy will ensure that Britain develops the efficient and environmentally friendly aircraft of the future, while keeping highly-skilled manufacturing jobs here in Britain."