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UK aerospace R&D sector gets £90 million boost

The Government has announced an investment in five aerospace projects to boost the creation of jobs and new innovations.

The new project will look to revolutionise aerospace manufacturing in the UK by supporting state-of-the-art technology, including 3D printing machines, which the Government hopes will revitalise the hard-hit industry.

The multi-million-pound investment in aerospace manufacturing was announced by Business Minister Paul Scully, who said that the money would look to improve manufacturing within the aerospace industry, developing technology to make production lines “quicker, more efficient and cost-effective”.

“This multi-million-pound cash injection will safeguard vital jobs and support the aerospace sector as it builds back stronger after the pandemic,” he added.

“Manufacturing is at the very heart of UK industry, and innovative processes will ensure that the UK is at the forefront of global efforts as we develop technology that can power a green aviation revolution.”

The funding will focus on proposals to create lightweight materials and parts that will reduce how much fuel is used and that can be adopted onto future hybrid and electric planes.

It is hoped that the aerospace industry can rebuild itself and create a greener future as it innovates and adapts to more sustainable travel requirements over the next few decades.

Projects receiving funding include:

  • GKN Aerospace-led ASCEND – A project seeking to develop and accelerate new lightweight, composite technology and improve supply chains for more sustainable future mobility solutions.
  • Renishaw-led LAMDA – Developing a 3D metal printing machine to mass-produce smaller components for aircraft.
  • Q5D-led LiveWire – A project that will create a machine that can automate the manufacture of wiring and embed it into aircraft parts components.

Aviation Minister Robert Courts added that “the Government will help advance the UK’s future transport system through its extensive R&D Roadmap and to increase R&D public spending to £22 billion per year by 2024/5.”

If you or a client are investing in R&D, whether in the aerospace sector or beyond, our automated R&D tax credit claim system could help you save time and money. To find out more, book a demo with our team now.

 

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