Aerospace Industry: Finance
The question
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 by Sarah Jones
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.
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