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Aerospace Industry: Finance

Question for Department for Business and Trade

UIN 61827, tabled on 23 June 2025

To ask the Secretary of State for Business and Trade, pursuant to the Answer of 7 January 2025 to Question 20971 on Aerospace Industry: Finance, what progress his Department has made on the allocation of the £975 million to boost the UK aerospace industry; and how much has been allocated to each devolved region.

Answered on

1 July 2025

Of the £975 million allocated to the Aerospace Technology Institute Programme between 2025/26 and 2029/30, £285 million has been committed so far. This funding is distributed across the Devolved Administrations as follows:

Region

Committed Spend from 2025/26

England

255,504,078

Wales

10,061,956

Scotland

6,383,129

Northern Ireland

13,284,097

Total

285,233,260

The Industrial Strategy announced ATI Programme funding of up to £2.3 billion over the next 10 years. With industry co-investment, this will result in nearly £3.8 billion of UK research activity—placing UK industry in a strong position to capitalise on growing demand for new technologies as the next generation of aircraft is developed.