Question to the Department for Business, Energy and Industrial Strategy:
To ask Her Majesty's Government how much they provided in research and development grants to the aerospace industry in (1) 2018, and (2) 2019.
The Government and industry have made a joint commitment to invest £3.9 billion in aerospace research and development (R&D) from 2013 to 2026. The Government’s share of the £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) |
2018/19 | 140 | 154 |
2019/20 | 149 | 150 |
2020/21 | N/A | 150 |
The aerospace industry is also supported through the Industrial Strategy Challenge Fund (ISCF). Around £60 million was allocated to a suite of high-value manufacturing aerospace projects in 2017, and aerospace companies are eligible for the current ISCF challenges, such as the Future Flight Challenge (£125 million) and Driving the Electric Revolution (£80 million).