MTC gets £60m for aerospace technology development

Posted on 17 Jan 2014 by The Manufacturer

The Manufacturing Technology Centre, part of the HVM Catapult, has been awarded £60m for the development of new, advanced aerospace technology.

The funding announcement was made by Chancellor George Osborne during a visit to the Manufacturing Technology Centre (MTC), part of the High Value Manufacturing (HVM) Catapult. £30m of the aerospace technology development fund will come from government with industry committing to provide the rest. The funding allocation is part of government’s £2bn commitment to support…

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