The news builds on the £1.2 billion of funding government has already jointly invested through the Aerospace Technology Institute (ATI), which has contributed to 149 new projects, involving 188 different companies and organisations, including over 100 small and medium sized businesses.
The research projects will target different aspects of aircraft manufacturing and performance, driving up competitiveness, lowering costs, and helping to deliver environmentally-friendly aircraft with lower emissions and reduced noise.
Speaking at the time, the then Business Secretary Sajid Javid said: “Aerospace is a vitally important industry for the UK and it is one of our great manufacturing success stories, supporting over 230,000 jobs and generating over £30 billion a year for the economy. We are number one in Europe and world leaders in innovation, design and manufacturing parts for planes.
“With government and industry investing nearly £4 billion by 2026, we are showing our continued commitment to this vital sector and our intention to keep the UK’s world-beating status. I am proud of our record supporting our great aero industry and we will continue to do all we can to help this high flying sector soar to even greater heights.”
Also at Farnborough, the Aerospace Growth Partnership (AGP) updated the sector on the industrial strategy for UK aerospace. The AGP has transformed the way in which industry and government work together to secure the long-term future of one of the UK’s most important sectors.
A key feature of the strategy is industry’s Supply Chain Competitiveness Charter signed by the sector’s leading civil aerospace manufacturers. This will strengthen relationships between the large companies and their suppliers, working together to raise productivity and competitiveness.
ATI Chief Executive Gary Elliott said: “This is the largest batch of ATI projects to be launched since operations started three years ago. It moves UK aerospace towards delivering the next generation of quiet and low emission aircraft, whilst also tackling immediate manufacturing challenges. The participants are a who’s who of global aerospace, as well as the UK supply chain and research base – a powerful demonstration of the strength of UK innovation.”
Innovate UK Chief Executive Ruth McKernan said: “From the inception of Innovate UK nine years ago, we have been working with companies large and small to make the UK a global centre of excellence for aerospace innovation. We look forward to continuing the highly successful partnership with industry, the Aerospace Technology Institute and Government to deliver this goal.”
