Today [20 June 2023], the UK government has announced £200m in funding for more sustainable air travel research projects.
The total £218m in combined government and industry funding will be allocated to producing and developing new green innovative landing gear, and lower carbon and more efficient aircraft wings, engines and sensors.
The funding, being delivered through the Aerospace Technology Institute (ATI) Programme, will secure more high-skilled jobs and increase investment in aerospace technology across the UK.
The joint agreement is hoped to lead to £20bn of further private investment in the UK aerospace sector and support more than 100,000 jobs.
Nusrat Ghani, minister for industry and economic security, said: “We’re growing the economy and supporting high-skilled, high-wage careers across the UK by backing our world-leading sectors like aviation.
“We want to achieve net zero air travel by 2050, and I want UK firms to lead the way developing the exciting technologies of the future.
“Backing our innovators will attract even more investment and create massive export opportunities for British firms.”
The government-backed ATI was established to galvanise leading R&D in the UK aerospace sector, with this latest funding building on £3.2bn of ATI support from government and industry since 2013 for more than 300 projects.
The cash injection will support ten new projects led by companies such as Airbus and Rolls-Royce, delivered alongside more than 40 UK-based partners.
Between 2014-2025, government and industry is expected to co-invest £4bn in the aerospace sector to support the development of ultra-efficient and zero-emission aircraft technologies.