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£365 million funding secured for aerospace R&D

11 Jul 2016
The Business Secretary has announced its commitment to providing £365 million in funding for new aerospace technologies.

Business Secretary Sajid Javid said: “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.”

The £1.2 billion investment through the Aerospace Technology Institute (ATI) has contributed to projects that are lowering costs and is helping to deliver environmentally-friendly aircraft with reduced emissions and quieter noise.