Department for Business and Trade written question – answered at on 18 November 2024.
Lord Jones
Labour
To ask His Majesty's Government how much funding through research and development grants there was for the aerospace industry in (1) 2023–24, and (2) 2024–25.
Baroness Jones of Whitchurch
Parliamentary Under Secretary of State (Department for Science, Innovation and Technology), Parliamentary Under Secretary of State (Department for Business and Trade), Baroness in Waiting (HM Household) (Whip)
HMG allocated £225m in 2023-24 and £195m in 2024-25 to support the aerospace industry. This funding primarily supports the Aerospace Technology Institute (ATI) programme, which co-invests alongside industry in research and development to maintain and grow the UK’s competitive position in civil aerospace and decarbonise aviation.
The Autumn Budget 2024 announced an extension to the ATI programme providing £975m of funding up to 2030.
Yes3 people think so
No1 person thinks not
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