Government and industry have committed to providing almost £365m of funding for new aerospace technologies, aimed at further enhancing the UK’s reputation as a world leading aircraft design and manufacturing hub.
Coinciding with this week’s Farnborough Air Show, the announcement builds on the £1.2bn 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 more than 100 SMEs.
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