Vertical Aerospace Poised for £9B Revenue and 2,200 High-Skilled UK Jobs by 2035, Study Shows
Independent Analysis: Vertical Set to Anchor UK's Advanced Air Mobility Growth
Vertical Aerospace (NYSE: EVTL), the electric aviation pioneer, could soon be the driving force behind a multi-billion-pound annual boost to the UK economy. According to a fresh economic impact report from Frontier Economics, the company is projected to generate nearly £9 billion in yearly revenue and create approximately 2,200 high-skilled jobs by 2035.
The report emphasizes that Vertical isn’t waiting until its VX4 aircraft’s commercial debut to make an impact—the business is already adding high-value jobs, pulling in foreign investment, and fortifying the nation’s advanced manufacturing base.
Frontier Economics Projects Major Economic and Export Growth
Frontier Economics forecasts that Vertical Aerospace could contribute up to £3 billion per year to the UK's economy by 2035, placing it at the heart of the country’s rapidly expanding advanced air mobility (AAM) sector. Of the company's future revenues, around 90% are expected to come from exports, further bolstering the UK’s profile as a global manufacturing hub.
The company is also expected to provide almost £800 million in annual tax revenue by 2035 as it moves from R&D to full commercial production.
| Metric | Projected Value by 2035 |
|---|---|
| Annual Revenue | £8.90 billion |
| UK Economic Contribution | £3.00 billion/year |
| Number of Jobs | 2,200 |
| Tax Revenue | £800 million/year |
| Export Revenue Share | 90% |
| Current Employees (2024) | 479 |
| Planned Production Site Investment | £400 million |
Strategic Position: Attracting Investment and Supporting Skills
The company’s search for its assembly and battery manufacturing sites is ongoing, with a final decision expected within the next six months. The investment—totaling approximately £400 million—will strengthen the UK's advanced manufacturing and technology sectors, though the company has indicated it’s weighing locations beyond the UK as well.
Vertical's strong network includes partnerships with leading firms like GKN, Honeywell, and Aciturri. Their pipeline boasts roughly 1,500 pre-orders for the VX4 eVTOL aircraft from major airlines and operators across four continents, indicating robust future demand and reinforcing its position as a future export powerhouse.
Long-Term Implications: Laying the Foundation for Advanced Air Mobility
Frontier’s analysis finds Vertical Aerospace uniquely placed to act as a "critical anchor" in the burgeoning eVTOL (electric vertical takeoff and landing) industry. As the company transitions into large-scale commercial operations, its success could deliver major spillover effects, not only for suppliers and skilled workers but for the UK’s reputation as an innovator in sustainable mobility solutions.
Takeaway: High Growth, High Stakes for the UK’s Electric Aviation Sector
Vertical Aerospace is set for an eventful stretch as it advances to the next phase of testing and finalizes its manufacturing strategy. The Frontier Economics report leaves little doubt: If realized, the company’s ambitions could reshape not only the UK's economic landscape but its position on the global advanced mobility map.
With nearly 1,500 aircraft pre-orders, an experienced management team drawn from aerospace heavyweights, and strong government and private sector backing, investors and policymakers alike may want to keep Vertical’s progress on their radar in the coming months. The key question now: Will the UK secure this pivotal industry for itself, or will the benefits spread further afield?
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