£400M of funding unveiled for aerospace sector
The UK’s aerospace sector is to benefit from £400m of funding to help projects get off the ground and support the sector’s recovery from the coronavirus pandemic, the UK Government has announced.
Government grants totalling £200m, through the Aerospace Technology Institute (ATI) programme, will be matched by industry to create the total investment of £400m.
New projects set to receive funding will include developing high performance engines, new wing designs, ultra-lightweight materials, energy-efficient electric components, and other brand new concepts to enhance innovation within the sector.
The funding will also secure highly-skilled jobs in the UK’s aerospace sector and will benefit companies of all sizes from Caldicot in Wales to Bedlington in the North of England. Higher education institutions will also be a part of the projects, including the universities of Nottingham and Birmingham.
The funding will be announced today by business secretary Alok Sharma at Farnborough Connect, the virtual version of Farnborough International Airshow.
“We have an incredible aerospace industry right here in the UK that defines the way aircraft are manufactured globally,” said Sharma.
“This £400m ATI investment will help secure our world-leading position in developing new flight technology to make air travel safer and greener into the future.”
The successful projects that will receive a share of the government’s £200m grant funding through the ATI programme, and match it with their own investment, include:
- Wings: The UK is the home of Airbus wing design and manufacturing. Airbus-led projects (Broughton, Filton) will drive forward more efficient wing assembly, systems installation, digital design processes and a range of innovative wing concepts including folding wing tips.
- Engines: Rolls-Royce-led projects will support the development of the UltraFan engine technology, which will make a step change in the efficiency and environmental performance of aircraft.
- Power systems: The AEPEC project led by Safran Electrical & Power UK (Pitstone) will research how new electrical power systems can lead to more efficient energy usage.
- Cabin Systems: An Oxford-based project led by Williams Advanced Engineering will develop ultra-lightweight seat structures for air travel, reducing the weight of aircraft.
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