uk government announces £120m aerospace growth partnership
Friday 28 February 2025
Last Updated : GMT 06:49:16
Arab Today, arab today

UK government announces £120m Aerospace Growth Partnership

Arab Today, arab today

Arab Today, arab today UK government announces £120m Aerospace Growth Partnership

Doha - Arabstoday

An £120 million investment from government and industry in aerospace research and technology was announced by business secretary Vince Cable today at the Farnborough International Airshow. The new funding, part of a total £200 million investment in aerospace since 2011, was announced alongside a new vision for the future of the sector which will help UK aerospace firms win billions of pounds worth of new contracts over the next 15 to 20 years. It will see government and industry working together - under the guise of the Aerospace Growth Partnership (AGP) - to secure the future for UK aerospace. Cable explained: “The UK aerospace industry is a national success story. “We have the top aerospace industry in Europe, and are second in the world only to the US. “There are great opportunities ahead, with forecasts indicating that 27,000 new large civil airliners will be needed by 2030. “We have the potential to grab a greater share of that market – but aerospace is a global industry and there are many other countries hoping to have a slice of the pie. “That is why the government is doing all it can to make the UK an attractive environment for aerospace – ensuring that companies are more likely to invest in jobs and facilities here with us.” Over £200 million has been pledged by government and industry to keep the UK aerospace sector world class. This includes £120 million of new investment and the £60 million previously announced in the Budget for a UK Centre for Aerodynamics. Today saw the first details of how funding for the new virtual aerodynamics centre would be distributed, including around £12 million for capability building work within the centre to develop and establish the UK’s intellectual leadership in aerodynamics. It will be supported by:     A total of £28.2 million of government investment allocated to six innovative new projects in the area of aerodynamics - five Research & Technology projects and one project with a capital grant – with a further £20 million now to be added by industry.     A new competition for collaborative aerodynamics research projects to be formally launched through the Technology Strategy Board. Up to £20 million of government money will be matched by up to £20 million from business. “The UK aerospace industry is in such a strong and leading position due to the sustained investment by government and industry going back decades. “With the introduction of the AGP strategy, in the past 18 months, we have already seen tangible results in the £60m investment in a much needed Aerodynamics Centre and the prognosis is for even greater and more substantial returns on our joint investment in the strategy. “Such shared commitment to the future of the UK aerospace industry can only help the UK retain it’s pole position as the leading European exporter to global markets and benefit the economy of this country,” concluded Cable. 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

uk government announces £120m aerospace growth partnership uk government announces £120m aerospace growth partnership

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

uk government announces £120m aerospace growth partnership uk government announces £120m aerospace growth partnership

 



GMT 19:12 2018 Wednesday ,03 January

Dubai adds two stunning landmarks in 2017

GMT 17:23 2017 Friday ,21 April

Raja’s footballer happy for returning to pitch

GMT 15:08 2017 Monday ,18 September

Bale strikes in vital Madrid win at Sociedad

GMT 22:37 2016 Wednesday ,10 February

New tarantula is named after music legend Johnny Cash

GMT 10:51 2017 Monday ,23 January

Actress Reham Hagag considers herself lucky

GMT 18:46 2018 Wednesday ,19 September

Premier highlights importance of peace, development

GMT 16:58 2015 Tuesday ,20 October

UAE Ministry of Finance launches eD-Voucher

GMT 03:00 2018 Thursday ,04 January

High-tech ship en route to resume hunt for MH370
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday