Vector Aerospace UK (Vector - http://www.vectoraerospace.com), a leading provider of aviation maintenance, repair and overhaul (MRO) services, is to receive a Regional Growth Fund award from the UK Government. The award was announced by the Rt Hon Matthew Hancock MP, Minister of State at the Department for Business, Innovation and Skills and Minister of State for Portsmouth, when he visited Vector's Fleetlands site in Gosport, Hampshire today.

The award, totalling 2 million over two years, will reinforce the significant investment that Vector is making in the transformation of its Gosport business. A long established key supplier to the UK Ministry of Defence, Vector is now enhancing its capabilities and services, targeting new customers around the world.

This funding will enhance Vector Aerospace's UK design and aviation services portfolio, enabling the company to compete more effectively in global aerospacemodification and upgrade markets, both civil and military. There is already a coreteam in place at the Gosport site engaged in this important work and Vector Aerospace estimates the expansion assisted by the regional grant will create over 70 jobs during the next 10years, with a similar number being created in the supply chain.

Vector Aerospace UK Managing Director Michael Tyrrell said, "We are now in a position to progress our expansion programme for Design Services. This is excellent news, not just for our operation here but also the region, as Vector Aerospace is the largest engineering employer in Gosport. It will also help to strengthen the region's aerospace skill baseas it seeks to reduce its dependency on military work."

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Regional Growth Fund Award to Boost Vector Aerospace Expansion