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Aviation growth could unlock billions in wasted economic potential – study

Government
Ilaria Grasso Macola
22 May 2024

The UK’s growth could be "turbo-charged" if the government did more support sustainable aviation development, leaders from some of the UK’s biggest industries have said.

plane, may24, credit: schauhi/Pixabay

The MAG report suggests more than £10 billion in economic output could be unlocked (Credit: Schauhi / Pixabay)

Boosting the country’s air links could unleash the potential of sectors reliant on international connectivity such as financial services, life sciences and advanced manufacturing, a new study has found, and would unlock billions in new economic activity over the next decade.

Research published by Manchester Airports Group (MAG) on Wednesday (22 May) highlights how the UK’s most important economic sectors are typically those most reliant on aviation, and are projected to grow two percentage points faster than the national average, worth in excess of £10 billion to the economy.