Written Question·Department for Business and Trade·UIN 19246
Aerospace Industry: Finance
Tabled: 11 December 2024
Answered: 16 December 2024
Named DayQuestion
Liam Byrne
Labour — Birmingham Hodge Hill and Solihull North
To ask the Secretary of State for Business and Trade, what steps his Department plans to take to ensure value for money from additional funding allocated to the aerospace sector in the next five years.
Answer
Sarah JonesThe Budget confirmed £975m over 5 years to the Aerospace sector. Industry led applications for R&D co-investment from the ATI Programme enter a competitive process. Competition for funding is fierce and only the best projects are selected: those that ...
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