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Lift off for new investment in UK SMEs to develop new aerospace technology

  • Business Minister launches £24 million research & development fund to back pioneering aerospace SMEs developing new solutions to UK aerospace challenges
  • separate programme worth almost £14 million also unveiled – boosting global competitiveness of UK aerospace SMEs
  • new commitments are part of the modern Industrial Strategy and joint government-industry Aerospace Sector Deal

Government today backed pioneering aerospace SMEs with the launch of a new £24 million fund for collaborative research and development (R&D) projects. The new funding opportunity, announced by Business Minister Andrew Stephenson at the Paris Airshow, will help keep UK aerospace suppliers at the forefront of aerospace manufacturing. Through the programme up to £12 million government funding, matched by industry, will be available as part of the Open Collaborative Research and Development (CR&D) competition, supported by the Aerospace Technology Institute Programme. The Business Minister also announced the opening of the new round of the National Aerospace Technology Exploitation Programme (NATEP 3) to help SMEs develop innovate technology, including, virtual reality training for cabin crew and 3D aerospace structures to lighten aircraft, and bring it to market quickly to boost their global competitiveness. More here.

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