The announcement was made at the Farnborough Air Show where the Isle of Man Aerospace Cluster (IOMAC) – a partnership between the Department of Economic Development and the Isle of Man Chamber of Commerce – are exhibiting as part of the UK’s North West Aerospace Alliance.
The Isle of Man ADS office will be managed by the Department’s Business Development Manager for Manufacturing and Space, Adrian Moore, with support from IOMAC, the Department’s internal marketing team and Space Commerce consultants, Mansat.
Commenting on the establishment of the new ADS office in the Isle of Man, Adrian Moore said:
“I am delighted to be able to announce that ADS has established a regional office in the Isle of Man. This represents a big step forward for the promotion of the Island’s flourishing manufacturing and space sectors and will further integrate our offer as part of the overall UK proposition. ‘
“We have just implemented our strategy for aerospace which covers the next five years but which is underpinned by our heritage in aerospace manufacture which goes back over sixty years. Aerospace now forms a significant part of the Isle of Man’s diverse economy with employment growth of 26% in the last 5 years and GDP contribution up 50% in that period also.’
Isle of Man Department Member for Economic Development, Alex Downie, OBE, MLC said:
“Space is becoming increasingly important to us as a sector and we are already acknowledged as a leading player in Space Commerce. Having an ADS presence in the Isle of Man can only enhance our standing in both space and aerospace manufacturing.”
Speaking on behalf of ADS, Graham Chisnall, ADS Deputy Chief Executive , said:
“The UK’s thriving Space sector is swiftly stepping out of the shadow of its older and successful brothers Aerospace and Defence, and rightly establishing itself as a key contender in the global market. Witnessing the rapid growth of the Space sector in the Isle of Man shows that the UK’s ambition to double our current 5 per cent global share over the next 10 years is a real and tangible target.
“The Isle of Man is an important part of UK Aerospace and Space manufacturing and services sector. Our new regional office will enable ADS to make sure that it receives the recognition it deserves, and we look forward to repeating the success in the Isle of Man that we have achieved in our regional offices in Scotland and Northern Ireland.”