Today’s ground-breaking ceremony at TAG Farnborough Airport marks the start of one of the most significant inward investment projects in Hampshire in recent years.
Leading US executive jet manufacturer Gulfstream is beginning the construction of their new £45 million purpose-built maintenance, repair and overhaul centre in Farnborough.
The new 21,000m2 (226,000ft2) facility is expected to open by June 2020 and will create around 400 new jobs.
Local partners including Hampshire County Council, Rushmoor Borough Council and Enterprise M3 LEP were instrumental in attracting the company to Farnborough following an extensive site selection process.
The US remains the biggest single source of foreign investment into the UK; Gulfstream’s commitment to Hampshire is a great endorsement of the region’s attractiveness as a leading business location for aviation and a gateway to London.
The UKs aerospace sector is globally only number two to the USA and Hampshire has a number of world leading aerospace and defence businesses such as BAE Systems, Airbus, Lockheed Martin, Boeing, GE Aviation already established in the region.