Business and Trade Secretary Jonathan Reynolds has announced over £100 million of government-industry funding for cutting-edge aerospace tech projects to support greener air travel, at the launch of the 2024 Farnborough Airshow.
It comes as the latest figures from the aerospace industry’s trade body ADS show the sector contributed £38 billion to the UK economy in 2023.
Just under £103 million of funding in total, delivered through the Aerospace Technology Institute (ATI) Programme, has been announced for five aerospace R&D projects led by GKN Aerospace, Queens University, Rolls-Royce, Short Brothers and ZeroAvia.
The projects will help pioneer innovations such as zero emission hydrogen-powered flight, new sustainable propulsion systems and turbine technologies, boosting thousands of high-skilled aerospace jobs across the UK and encouraging investment into the UK’s aerospace industry, as the Government prepares to launch its new Industrial Strategy.
Further information: