Investment will ensure UK leads global aerospace industry

Summary: The UK and Welsh governments have joined forces with aircraft manufacturer Airbus to fund £100m into research, development and training which will ensure the UK continues to lead the world in the aerospace industry.

Around £64m of the £100m plus investment will support research and development through the Aerospace Technology Institute on a range of projects aimed at streamlining manufacturing processes and developing new technologies.

The R&D elements of these projects will be carried out with the Aerospace Technology Institute (ATI), a £2bn joint investment between industry and government aimed at developing the research and development activity necessary for the UK to win work on future aerospace programmes.

The announcement was made at the UK Investment Summit 2014 held in Wales recently.

It has been a record year for Welsh foreign direct investment in aerospace, R&D and cyber security, with 79 foreign direct investment projects being completed helping to boost the Welsh economy to £47bn according to latest figures.

Prime Minister David Cameron said:

“Aerospace is a real cornerstone of British business, supporting over 100,000 jobs across the UK and is worth over £27bn to our economy every year. With today’s investment we are backing our aerospace sector so that it continues to thrive, as key part of our long-term economic plan to back business, create jobs and secure a brighter future for Britain.”

Free Tender Search


Recent Posts


Who are we?

From publishing the first national directory of public sector contracts, to being the first to market with our online Tracker solution, we have been the true pioneers of technology and innovation in the public sector marketplace. Throughout our 39 years, we have continued to evolve and chart new territory – placing our customers at the heart of everything we do. Take your business to the next level with Tracker now.

If you request a demo today!

Download your Free UK Defence Industry Report

Get SAAS-Y This Summer with DCI

Start Your Free Trial Today

Download your Free UK Defence Industry Report

Download your Free UK Defence Industry Report

When you sign up for a 3 day free trial or demo.

Limited time only

    BiP Solutions owns DCI and we look after your details carefully. We offer a range of products, services and events (some of which are free) that help buyers tender more efficiently and suppliers find, bid for and win public and private sector contracts. Only tick this box if you wish to receive information about these. We will never share your details with third parties and you will have the opportunity of opting out of communications every time we contact you. For further details, please see our Privacy Policy