The Government and industry have made a joint commitment to invest £3.9 billion in aerospace research and development (R&D) from 2013 to 2026. The Government’s share of the £1.95 billion is managed through the Aerospace Technology Institute Programme. An annual breakdown of expenditure and budgets for the years requested is set out in the table below:
Allocated Budget (£m)
The aerospace industry is also supported through the Industrial Strategy Challenge Fund (ISCF). Around £60 million was allocated to a suite of high-value manufacturing aerospace projects in 2017, and aerospace companies are eligible for the current ISCF challenges, such as the Future Flight Challenge (£125 million) and Driving the Electric Revolution (£80 million).