Written questions, answers and statements

Aerospace Industry: Finance

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Question for Department for Business and Trade

UIN 20971, tabled on 18 December 2024

Question

Gavin Robinson
Democratic Unionist Party
Belfast East
Commons

To ask the Secretary of State for Business and Trade, with reference to the press release of 14 November 2024 entitled PM boosts UK aerospace industry with £975 million to drive growth and jobs, how much of that funding will be spent in each of the devolved administrations.

Answer

Sarah Jones
Labour
Croydon West
Commons

Answered on

7 January 2025

The Budget confirmed £975m over 5 years to the Aerospace sector, which will be delivered through the Aerospace Technology Institute Programme. UK based industry applications for R&D co-investment from the Programme enter a competitive process. Competition for funding is fierce and only the best projects are selected: those that offer real innovation, reduced emissions, and tangible UK economic benefits. As the Programme is industry led and competitive the budget is not pre-allocated to regions or devolved administrations.

Answered by

Department for Business and Trade
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