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Nick Clegg announces 拢154 million for aerospace research

皇冠体育app Deputy PM visited Farnborough International Airshow to announce an investment of 拢154 million in aerospace research projects.

This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

皇冠体育app money will support research and development projects on the next generation of quieter, faster and more environmentally friendly planes. In particular, the funds will be used in 4 areas of aerospace engineering:

  • wings 鈥� half the world鈥檚 advanced passenger jets are flying on wings made in Britain; the government is investing 拢42 million into new Airbus-led research into designing, manufacturing and assembling wings
  • engines 鈥� we are investing 拢20 million in a project led by Rolls-Royce to explore new ways of creating lighter, greener and more fuel-efficient aircraft: this will help reduce carbon dioxide emissions by 75% by 2050 (compared to levels in 2000)
  • aircraft structures 鈥� 拢49 million will go to a GKN-led project to look at how 3D printing can help the UK produce the first ever lightweight aircraft metallic parts
  • radio 鈥� we are investing 拢13 million in research led by Thales to help air passengers use the internet and make phone calls more easily

皇冠体育app funding is part of a 拢2 billion pound government and industry investment to help secure more than 100,000 skilled jobs in the long term. Read more about the aerospace industrial strategy.

Deputy Prime Minister Nick Clegg said:

皇冠体育app UK鈥檚 aerospace industry is going from strength to strength and helping our economic recovery. We are the number 1 aerospace industry in Europe and second only to the United States globally.

I want to ensure the UK remains at the cutting edge of aerospace innovation, which is why I am pleased to announce that we are investing 拢154 million for research to explore new technologies like the 3D printing of plane parts and creating lighter, greener aircraft.

By working in partnership with business, we are building a stronger, more balanced economy, creating more jobs and sharing the wealth equally.

皇冠体育app Deputy Prime Minister will also announce that small and medium enterprises (SMEs) can bid for a share of a 拢25 million pot from October 2014. This is expected to stimulate projects worth 拢50m in total. This will create jobs in the supply chain so local communities can benefit as suppliers gain new business with big companies such as Rolls-Royce and Airbus.

皇冠体育app results of the first competitive call for funding have been announced, with 11 projects receiving a total investment of 30 million. 皇冠体育appse involve 12 large companies, 24 SMEs and 14 universities and research organisations.

皇冠体育app administers the calls for funding. Iain Gray, Chief Executive of the Technology Strategy Board, said:

皇冠体育app high quality of the projects from the first round of the competition illustrates how the UK can deliver leading edge innovation in the aerospace sector.

皇冠体育appre is huge appetite from UK companies large and small to develop new products, and we look forward to receiving the next round of bids.

Updates to this page

Published 17 July 2014