We are working closely with business through the Aerospace Growth Partnership (AGP), which I chair jointly with Marcus Bryson of GKN Aerospace, to identify the key technologies that will best position the UK aerospace industry to increase its competitiveness, achieve sustainable growth, and encourage long term investment. Following the launch of a ‘Strategic Vision for UK Aerospace’ publication in July, setting out how industry and Government are working together, the way ahead on these issues will be set out in an AGP strategy document which be published in January 2013.
In the meantime, the Government has already this year agreed to co-invest with business in a wide range of new research and technology projects in aerospace, including emerging technologies:
£28.2 million of government investment allocated to six innovative aerodynamics projects, with a further £20 million added by business;
£20 million for collaborative aerodynamics research projects launched through the Technology Strategy Board with £20 million matched funded by business;
£40 million in a series of projects on low carbon aero engine research, matched by £40 million from business;
£25 million in a series of projects on new manufacturing processes, to be matched by business;
£15 million joint Government and industry investment awarded by the Technology Strategy Board and the Engineering and Physical Sciences Research Council to 11 major business-led R&D projects.