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The aerospace & aeronautics industry in Flanders
In Flanders, you gain access to the unique expertise of manufacturers and services providers for aeronautics, aviation, astronautics and more – from partners for machining, components, maintenance, repair, systems and sensors to consulting, training and testing. In addition, numerous enablers help drive the industry forward. Think of cluster organization FLAG and strategic research centers VITO and imec, to give just three examples.
In April 2017, the Flemish Aerospace Group (FLAG) became the official cluster for the aeronautical industry in Flanders, working closely with Flanders Innovation & Entrepreneurship. The goal? To double the industry’s turnover and enable a 50% increase in employment by 2030 compared to 2014.
To obtain this, FLAG will:
- define and initiate long-term cooperation between aerospace players;
- foster stronger ties between the aerospace industry, universities and research centers;
- create concrete innovation projects that are embedded in the global aerospace supply chain.
Not only do all of Flanders’ universities work closely with FLAG, Flanders’ cluster organization for the aerospace industry; they also grant high-quality bachelor’s and master’s degrees in aeronautics, engineering, space sciences and more.
Aerospace companies setting up or managing their activities or HQs in Flanders can reap the rewards of:
- various government grants and subsidies for transformation, ecological, R&D and growth investments;
- unique tax incentives for various types of business activities and investments;
- a set of employment subsidies to further reduce your salary costs as well as fiscal remuneration advantages;
- a number of funding options to help you get off the ground.
Flanders offers incentives that are relevant to research-intensive domains like aeronautics, astronautics, aviation, etc. Examples include:
- innovation income deduction – up to 85% of a firm’s net earnings from innovation is tax exempt;
- investment deduction for R&D – 13.5% of acquisition value/qualifying asset or 20.5% of the depreciated amount;
- exemption of payment of 80% – of the personal income withholding tax of researchers in certain scientific fields.