1,400 UK jobs to be created through multi-million pound aerospace funding
Around 1,400 new jobs are set to be created across the UK through government funding of almost £90m.
The government-industry funding for the five projects through the Aerospace Technology Institute Programme aims to improve manufacturing within the aerospace industry, developing technology in a bid to make production lines quicker, more efficient, and more cost-effective.
The total investment in the projects will be £88.7m, with £44.1m coming from government and £44.6m from industry.
The programme aims to safeguard the UK’s manufacturing sector, ensuring that the UK remains a competitive market for aerospace companies as the economy recovers from the COVID-19 crisis.
Minister for Business Paul Scully commented: “This multi-million-pound cash injection will safeguard vital jobs and support the aerospace sector as it builds back stronger after the pandemic.
“Manufacturing is at the very heart of UK industry, and innovative processes will ensure that the UK is at the forefront of global efforts as we develop technology that can power a green aviation revolution.
“A particular focus of the project proposals is on creating lightweight materials and parts that will reduce how much fuel is used and that can be adopted onto future hybrid and electric planes.
“This will help the wider aerospace industry build back greener as it innovates and adapts to more sustainable travel over the next few decades.”
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