- New funding programme targeting cutting-edge SME aerospace research projects to advance net zero aviation and boost high-skilled jobs.
- Worth up to £10 million a year, the programme will help secure more high-skilled aerospace jobs across the UK.
- Funding provided through the Aerospace Technology Institute (ATI) will drive innovative UK SME research projects and grow UK’s share of global aerospace sector, helping to grow the economy.
- Aerospace organisations across the nations and regions of the UK are set to benefit from a funding programme tailored to the needs of small and medium enterprises (SMEs).
The SME Programme, which sits alongside the ATI’s existing Strategic Programme, opens to applications in February 2024 and will offer grants of up to £1.5m. The competitive funding programme is designed to maximise benefits to SMEs and support and encourage industrial investment into the aerospace sector and its supply chain, through the funding of innovative and high impact projects.
A streamlined application process and grant funding weighted towards smaller organisations will engage the national aerospace ecosystem, building collaborative project partnerships and accelerating the development of ultra-efficient, zero-carbon and cross-cutting aerospace technologies.
SMEs will be eligible to apply for a greater percentage of overall project costs, and will receive at least 50 percent of each grant awarded. Businesses other than SMEs can lead but they must partner with at least one SME in the consortium bringing together capacity, specialist expertise, innovation and market exploitation strategy.