Written by Pardeep Ruprai, Industry Secondee to ADS
On 25th May 2021, ADS hosted the “Tempest: Innovation for UK Security and Prosperity” webinar to mark the publication of PwC’s findings on the Future Combat Air Programme Tempest. Diane Shaw, EMEA Aerospace, Defence and Security Consulting Leader, PwC, provided an overview of the report.
PwC Report Overview
The report looked at the economic impact and the broader ways in which it will contribute to the UK in the coming decades. In particular, the report assessed the employment directly related to the Tempest programme including wider Combat Air activities as well as understanding the wider contributions of the programme on the UK economy. This was done using a series of case studies which focussed on skills development, R&D spill over effects and regional development.
Key findings from the independent PwC report include that the Tempest programme will:
- Make an estimated £26.2 Billion contribution to the UK economy between 2021 and 2050
- Support 21,000 jobs on average across the UK between 2026 and 2050
- Create high productivity employment with an average GVA (gross value added) per worker of £101,000 – 78% higher than the UK national average
As the Combat Air sector makes a substantial contribution to the UK economy, it is expected that the four Team Tempest partners and their associated supply chain will contribute over £100bn to the UK economy, supporting 62,000 jobs per year between 2021 and 2050.
Through this, the programme is expected to support regions in the UK through R&D and contribute to the Government’s levelling up agenda.
Following an overview of the PwC report, the webinar was opened to a panel discussion. Members of the panel included; Kevin Craven, ADS; Darren Cavan, Oxley GrouP; Craig Turnbull, Electroimpact UK; Air Commodore Jonny Moreton, RAF; Dr Heather Anderson (BSc, PhD). University of Strathclyde
Watch the webinar
The recently published PwC report on the economic impact of Tempest over the initial 30 years of the programme highlights the significant economic benefits of the programme, which will further enhance new technology development R&D as well as providing new opportunities to and developing new skillsets for current and future industry employees