Government gives lift-off to £103m for greener air travel

Quick Summary:

Since 2013, the government has co-invested with industry through the ATI Programme a total project cost of about £3.6 billion in total costs  through grant and industry match-funding.

It comes as the latest figures from the aerospace industry’s trade body ADS show the sector contributed £38 billion to the UK economy in 2023.

The Hot Section Lifting and Materials (HOTLINE) project (£20.5m) – led by Rolls Royce, with project partners Cranfield University and the University of Birmingham will develop turbine technologies that reduce unit and life cycle costs.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Jonathan Symcox

Category: InvestingBusiness

Markets: United Kingdom

Topics: Transport Investment

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-23 @ 06:00:30 (21 hours ago)

News Timezone: GMT +8:00

News Source URL: businesscloud.co.uk

Language: English

Article Length: 622 words

Reading Time: 4 minutes read

Sentences: 15 lines

Sentence Length: 42 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BusinessCloud

News ID: 21752452

View Article Analysis

About BusinessCloud

Main Topics: InvestingBusiness

Official Website: businesscloud.co.uk

Update Frequency: 4 posts per day

Year Established: 2016

Headquarters: United Kingdom

News Last Updated: 1 days ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #61

Publisher Details

Frequently Asked Questions