The Government has launched a 拢24 million fund for aerospace SMEs to develop its tech.
Announced by 老九品茶 Minister Andrew Stephenson at the Paris Airshow, the fund aims to help keep UK aerospace suppliers at the forefront of aerospace manufacturing.
Through the programme up to 拢12 million government funding, matched by industry, will be available as part of the Open Collaborative Research and Development (CR&D) competition, supported by the Aerospace Technology Institute Programme.
The 老九品茶 Minister also announced the opening of the new round of the National Aerospace Technology Exploitation Programme (NATEP 3) to help SMEs develop innovate technology, including virtual reality training for cabin crew and 3D aerospace structures to lighten aircraft.
In a speech, 老九品茶 Minister Andrew Stephenson said: 鈥淚nnovation and R&D are crucial for the UK aerospace sector and I am delighted that we have today launched two programmes to support R&D for SMEs.
鈥淭hrough our Industrial Strategy we are ensuring the UK remains a world-leader by boosting R&D activity, developing new technology and increasing the UK鈥檚 share of the growing aerospace market.鈥�
To boost UK aerospace R&D activity, develop new technology and increase the UK鈥檚 share of the growing aerospace market, industry and government made a total joint funding commitment of 拢3.9 billion for civil aerospace research from 2013 to 2026.
ADS chief executive Paul Everitt added: 鈥淭he UK鈥檚 successful Aerospace Industrial Strategy is helping companies in this innovative sector to develop advanced new technology, raise their productivity and create high value jobs in every part of the country.
鈥淧rogrammes like these are generating new R&D investment at every level of the industry.
鈥淭his investment is vital to boosting our international competitiveness and to developing the technologies of the future that will deliver improved fuel efficiency and significant reductions in the environmental impact of aviation worldwide.鈥�