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Michael Fallon at ‘Royal Mail - Ensuring long-term success’
Image source: Policy Exchange

£25m R&D cash for UK aerospace SMEs

UK aerospace businesses are set to benefit from £25m of Government funding for collaborative research and technology projects. Making the announcement at the Paris Air Show, Business and Energy Minister Michael Fallon, said the fund will be targeted at SME aerospace suppliers, and will be match funded by winning businesses. Mr Fallon said: “We have a world-leading aerospace sector underscored by our ability to excel in areas like research & development. It’s this commitment to innovation through our Aerospace Industrial Strategy that will be a crucial driver for long-term growth. “If we are to get ahead of the game we must create the right conditions now that incentivise businesses to invest in the UK and develop new, exciting products. This new funding will… #investment #technology #transport

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