Aerospace Technology Institute: Finance

Department for Business, Energy and Industrial Strategy written question – answered on 16th November 2021.

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Photo of Henry Smith Henry Smith Conservative, Crawley

To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will make a statement on the Government’s Spending Review commitment to extend funding for the Aerospace Technology Institute to 2031 to meet its Jet Zero ambitions.

Photo of Lee Rowley Lee Rowley Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy), Government Whip, Lord Commissioner of HM Treasury

At the October Spending Review, my Rt. Hon. Friend Mr Chancellor of the Exchequer extended the £1.95 billion funding commitment to the Aerospace Technology Institute (ATI) Programme from 2026 to 2031. To date, £1.6 billion has been awarded to over 340 collaborative R&D projects spread across the UK. This activity will help to drive the development of new low and zero-carbon emission aircraft technology, which forms an important part of our Jet Zero ambition to decarbonise aviation.

We will work through the annual profile of funding for the ATI programme, including when the programme will re-open to new R&D grant applications, over the coming months. Further information on the programme will be provided following that work.

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