Aerospace Industry: Finance

(asked on 23rd June 2025) - View Source

Question to the Department for Business and Trade:

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 Portrait
Sarah Jones
Minister of State (Department for Energy Security and Net Zero)
This question was answered on 1st July 2025

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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