Government’s Modern Industrial Strategy provides ten-year funding commitment for the ATI

The ATI today welcomed the Government’s new Modern Industrial Strategy, which includes a commitment to improve funding stability for public R&D investments with 10-year budgets. These long-term cycles make it easier for researchers and businesses to form partnerships, develop talent and collaborate internationally.

The strategy, which identifies aerospace as one of the UK’s frontier industries, lists the ATI Programme as one of the first recipients of this 10-year funding commitment worth up to £2.3bn to 2035.

Gary Elliott, Chief Executive Officer, ATI, said: “This is a great deal for British aerospace manufacturing and helps guarantee strong growth and great jobs into the future. A ten-year commitment to ensure UK aerospace keeps investing in world-leading technology gives international companies the confidence to invest, as well as playing a crucial role in developing the ultra-efficient and zero-carbon emission aircraft we need to achieve our sustainability goals.”

Read more and view the UK’s Modern Industrial Strategy on gov.uk here.