Question to the Department for Business, Energy and Industrial Strategy:
To ask Her Majesty's Government how much money they plan to provide to the aerospace industry for research and development in 2020–21.
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 |