Question to the Department for Business, Energy and Industrial Strategy:
To ask Her Majesty's Government how much money in total they gave to the aerospace industry for research and development in (1) 2015, (2) 2016, (3) 2017, and (4) 2018.
Industry and Government have made a joint commitment to invest £3.9 billion in aerospace R&D from 2013 to 2026. The Government’s share of £1.95 billion is managed through the Aerospace Technology Institute Programme. An annual breakdown of expenditure and budgets for the years requested is set out in the table below:
Fiscal Year | Expenditure (£m) | Allocated Budget (£m) |
2015/16 | 126 | 150 |
2016/17 | 146 | 148 |
2017/18 | 149 | 150 |
2018/19 | 140 | 154 |
2019/20 | n/a | 150 |
2020/21 | n/a | 150 |