ISO 9001 & UKAS Registered, Electron Beam Services in the United Kingdom ISO 9001 & UKAS Registered, Electron Beam Services in the United Kingdom

Aerospace designers should start thinking of their next big project, as they could be in with a chance to win up to £150 million a year to get their product off the ground.

The government has announced the competition, which is part of the UK Aerospace Research and Technology (UKART) programme worth £3.9 billion.

This initiative has been set up by the government and those in the industry, and is managed by Innovate UK, the Aerospace Technology Institute and the Department for Business, Energy and Industrial Strategy.

In order to maintain Britain’s position as having one of the best aerospace industries in the world, it has launched this competition to encourage businesses to come up with exciting new designs.

“Organisations are invited to express an interest in a competition worth £150 million a year with their innovative ideas for future aerospace design and manufacture. The best projects will then be invited to apply for grant funding,” a government spokesperson said.

The contest begins today (March 18th) and will run until February 11th 2020, with any UK-based business, academic organisation, research or technology group encouraged to put forward their ideas.

If they are successful, they could be given up to 70 per cent of the costs for projects that are researched based, or half of the expenses of capital investment initiatives.

Applicants are encouraged to submit designs aimed at improving Britain’s aircraft design and system integration; future-proofing technologies in the UK, including smart and electric aircrafts; helping the country become a world leader in large aviation structures; and developing propulsion technologies that are more efficient.

This comes after the Guardian reported how aerospace firms are preparing for a ‘no deal Brexit’ by stockpiling millions of pounds worth of parts.

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