What Happened
Support For Greener Technologies Announced At Farnborough Airshow
The UK government has unveiled a £600m package of support for the aerospace industry, including £500m for cutting-edge research and technology projects to pioneer greener air travel. A new £100m Aerospace Supply Chain Fund will help ambitious suppliers scale up and meet demand. The government has also signed a partnership with Embraer to deepen cooperation on innovation and supply chain opportunities. This investment is part of the prime minister’s pledge to reindustrialize Britain and will help businesses develop cutting-edge technologies, supporting innovation and securing high-skilled jobs. This announcement was made at the Farnborough Airshow and reported by Unknown Source.