Government appraisal of large civil aerospace projects~A personal perspective
Published June 16, 1994 by Royal Aeronautical Society in United Kingdom
I hope this paper has given you some insight into the historical origins of the civil aeronautics assessment process in Government. I also hope you have learned something of how we go about he task today.
Perhaps many years ago our role was one of the regulator guarding the taxpayer from the excessive optimism of marketing departments and enthusiasts. Time has moved on, and whilst of course we still must perform that original function, if I were to leave you with one thought I hope it might be that with industry we are building a better understanding of the market and hopefully to the benefit of the U.K. I began this talk dwelling on the poor state of affairs at the time of the Plowden Royal Commission, and if I may I would like to leave you with a final chart courtesy of the SBAC. This shows that the U.K.'s civil performance improved dramatically in the 1980s with turnover in real terms up by around 125% and share of world output also strongly up. To cap it all over 75% of civil turnover was exported; in Plowden's day it was probably no higher than 30%. The U.K. share of world civil turnover also appears to have risen strongly during the 1980s. There certainly are some warning signs, and questions about how we approach the future, but I hope this paper has shown that set against the historical background we have some measure of success on which to build