Supporting Aerospace

Yesterday, as part of our modern Industrial Strategy, the Business Minister launched a £24 million fund to support businesses that are developing new solutions to UK aerospace challenges.

 

Key facts:

 

·         As part of a competition, up to £12 million government funding, matched by industry, will become available for UK aerospace suppliers.

 

·         We have also announced a new programme to help SMEs develop innovative technology, including 3D aerospace structures to lighten aircrafts and bring them to market quickly to boost their global competitiveness.

 

·         This is part of a £3.9 billion commitment by Government and industry to support UK aerospace manufacturers.

 

Why this matters: 

This new funding forms part of our modern Industrial Strategy – helping to ensure the UK remains a global player in aerospace manufacturing, while boosting R&D activity, developing new technology and increasing the UK’s share of the growing aerospace market.

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