8 Conclusion
201. The motorsport and aerospace industries
represent two sectors where the United Kingdom has an exceptionally
strong global presence. They are two of the crown jewels of UK
manufacturing and form a core part of the UK's higher value-added
economy. The Government must ensure that the correct public policy
framework is in place to promote their future growth.
202. The Government's role in support of the
aerospace sector is to enable the industry to compete on an equal
footing with its international competitors. Other countries actively
support and promote their aerospace industry through the provision
of financial support, access to trade credit and funding for R&D
work. The UK Government must ensure that the level of support
it provides industry does not place the British aerospace sector
at a disadvantage.
203. We are concerned that the strength of motorsport
in the United Kingdom is due more to serendipity than active government
policy. This needs to change. The first step in ensuring that
we do not lose this valuable industry is the establishment of
a motorsport industry unit within the Department. Failure by the
Government to provide a more proactive approach to the industry
risks the United Kingdom losing its global leadership.
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