New multi-million pound Programme helps British SMEs lead the way on net zero air travel
The new ATI SME Programme will provide up to £10 million per year in funding opportunities for UK aerospace SMEs' cutting-edge R&D projects.
- Government launches 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 per 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.
Cutting-edge British aerospace companies are set to benefit from a new multi-million pound SME Programme that will secure high-skilled jobs and help the UK lead the way on greener air travel.
The Aerospace Technology Institute (ATI) SME Programme will offer UK-based small and medium-sized firms the chance to bid for a share of £10 million total funding per year towards their innovative research projects.
The Programme is being announced by Industry Minister Nusrat Ghani today (14 November) at the ATI’s 2023 Conference in Birmingham. It will be delivered in partnership with the ATI and Innovate UK.
Industry Minister Nusrat Ghani said:
I’m delighted to announce the new ATI SME Funding Programme, which will help propel our world-leading aerospace sector to new heights in the pursuit of innovative, clean, green air travel.
UK aerospace businesses, with their expertise and innovation, are helping drive the industry on its journey to Net Zero by 2050, and in the process are helping us grow the UK economy and support high-skill, high-wage jobs.
ATI CEO Gary Elliott said:
We know from the success of the ATI Programme that supporting advanced technologies secures market share for the UK, bringing economic benefit and delivering against the sector’s sustainability commitments on our journey to Destination Zero.
By connecting capability and funding technology development, the SME Programme will benefit organisations of all sizes across the nations and regions of the UK.
The new Programme will open to applications in February 2024 and aims to give SMEs the best opportunities possible to apply for funding to develop innovative technologies supporting the Government’s commitment to Jet Zero.
This is the plan to achieve net zero carbon emissions for commercial aircraft by 2050, while also keeping the UK’s aerospace industry competitive in the sustainable design, manufacture, assembly and operation of future aircraft.
The Programme will allow SMEs in the UK aerospace sector to bid for grants of up to £1.5 million each, helping to boost high-skilled jobs in the industry across the UK.
It also builds on the Government’s commitment to backing UK aerospace R&D to succeed, as demonstrated by the ATI Programme, for which government provided £685 million in 2022.
Support for organisations engaging with the SME Programme will be delivered by the ATI Hub. This will include sessions with ATI technologists, themed innovation workshops and guidance on preparing for a pitch-panel presentation.
The ATI Hub can also generate new connections between start-ups, SMEs, bigger and tier one organisations which could become consortia applications to the SME Programme.
Background:
- The ATI Programme is a joint government and industry investment. Its purpose is to competitively offer funding for research and technology development in the UK, to maintain and grow the UK’s competitive position in civil aerospace and accelerate the transition to net zero aviation.
- The Department for Business and Trade (DBT) has a well-developed approach to supporting the aerospace sector, including: £685 million of funding for the ATI Programme; the Aerospace Growth Partnership sector council which has developed the Destination Zero strategy for aerospace, a technology strategy developed by the ATI, and support for airline sales campaigns.
- The new SME scheme will be funded through the ATI Programme.