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<p><ins class="ministerial">Farnborough is an important showcase for the UK aerospace
sector. The Department does not make estimates of aerospace exports arising as a result
of the Farnborough Airshow. However, given the UK’s position as a leading supplier
to the world’s aerospace industry, our industry is likely to be a major beneficiary
of many of the new orders announced at the Show.</ins></p><p><ins class="ministerial">Recent
data from the Aerospace Defence and Security trade association show aerospace exports
grew by 12% in 2013 to £25 billion.</ins></p><p><br /><del class="ministerial">There
has been significant interest in UK Export Finance’s (UKEF) Direct Lending Facility
(DLF) since its enhancements were announced in the Budget. Since it was relaunched
on 30 June 2014, the pipeline of potential export contracts has developed and now
involves 28 UK-based exporters of varying size and export experience. As it stands,
the pipeline has 35 potential export contracts that range from £3m to over £350m.
Most importantly, the DLF pipeline is growing.</del></p><p> </p>
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