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<p>We recently received an industry proposal on a scrappage scheme for older civil
large passenger aircraft and are assessing its potential impact on the UK aerospace
and aviation industries.</p><p> </p><p>UK airlines and aerospace manufacturers have
already been boosted by £2.16 billion from the Covid Corporate Financing Facility.
In addition, UK Export Finance expects to provide £3.5 billion of support for UK aerospace
exports over the next 18 months. We also continue to invest heavily in technology
to make our aviation sector greener and more sustainable, through our co-funded £3.9
billion Aerospace Technology Institute programme and £300 million Future Flight Challenge.</p><p>
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