Aerospace Technology Institute: Finance

(asked on 17th March 2021) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, how much funding has been allocated (a) in total and (b) for each funding stream to the Aerospace Technology Institute in (i) 2019, (ii) 2020, (iii) 2021, (iv) 2022, (v) 2023, (vi) 2024, (vii) 2025.


Answered by
Paul Scully Portrait
Paul Scully
This question was answered on 22nd March 2021

The Government and industry have made a joint commitment to invest £3.9 billion in aerospace research and development (R&D) from 2013 to 2026. The Government’s share of the £1.95 billion is managed through the Aerospace Technology Institute Programme. An annual breakdown of funding allocated (a) in total, and (b) by each funding stream is set out in the table below. Budget allocations have not been made beyond 2021 so are assumed.

£m

Allocated Budgets

Planned Allocations

Year

19/20

20/21

21/22

22/23

23/24

24/25

25/26

Strategic Programme

138.1

147

130

143.2

145.6

149.2

150

Small Business

1.9

0.5

1.7

1.9

1.8

0.8

0

NATEP

0

1

4.8

4.9

2.6

0

0

FlyZero

0

1.5

13.5

0

0

0

0

Total

140

150

150

150

150

150

150

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