UK aerospace funding gets US$898mil for clean fuel move

The UK ramped up allocation for aerospace technology, up to a record RM3.78bil of funding, partially to move the industry to renewable fuel. — AFP

The UK allocated a record £685mil (RM3.78bil) of funding over the next three years for the development of aerospace technology, as the industry gears up to make the transition to renewable fuel.

The Aerospace Technology Institute will receive an increase of more than 50% on its previous award, the government said in a statement. The group is a partnership between the state and businesses, and the figure will rise to more than £1bil (RM5.53bil) once an industry contribution is added.