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

25/06/19
The government has shown its support for growing aerospace companies by launching a research and development (R&D) fund for the industry to the value of £24 million.

This will go towards the Open Collaborative R&D competition, with up to £12 million of this finance coming directly from the government and a further £12 million from the industry.

This programme is aimed at helping small and medium-sized enterprises (SMEs) to prosper, by encouraging businesses with high-risk, high-impact, revolutionary projects to submit a bid.

Business minister Andrew Stephenson said: “Innovation and R&D are crucial for the UK aerospace sector.”

He added: “Through our Industrial Strategy, we are ensuring the UK remains a world-leader by boosting R&D activity, developing new technology and increasing the UK’s share of the growing aerospace market.”

The competition will launch in October 2019, but SMEs that are interested in submitting their projects that “demonstrate future-thinking revolutionary and disruptive solutions to UK aerospace challenges” have been advised to get in touch with the Aerospace Technology Institute to discuss how to prepare their bids.

In addition to this, Mr Stephenson launched the new round of the National Aerospace Technology Exploitation Programme (NATEP 3). This is designed to support SMEs in the development of innovative technology for the industry; this may include virtual reality training for cabin crew and 3D aerospace structures to make aircraft lighter.

While this investment is encouraging for those aerospace businesses that are up-and-coming, firms that are already established are likely to be preparing for several potential Brexit outcomes when the country leaves the European Union on October 31st.

Earlier this year, the Guardian reported how airlines have been stockpiling parts in the event of a no-deal exit.

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