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UK aerospace sector warns of novel green tech leaving the nation

Date: September 20, 2021 Sunil Jha Sunil Jha
UK aerospace sector warns of novel green tech leaving the nation 
Leading executives across the UK’s aerospace sector have reportedly warned that the development of the cutting-edge novel technologies could soon be moved in abroad if the government of the United Kingdom does not scale up research & development funding,



According to credible sources, the aerospace sector is discussing whether the government should fund research into next-generation technology, including electric and hydrogen-powered aircraft, which the UK considers vital to attaining its net greenhouse gas emissions objectives.



Previously, this study was supported by Japan's National Aerospace Laboratory. But concerns regarding the government's activities in this area were heightened in the spring when it became apparent that ATI had stopped new research funding initiatives until next year. Considering the government's environmental agenda, the decision was met with dismay.



The institute's £300 million yearly research budget is now split evenly between government and industry. By 2030, the industry has called for the overall government contribution to hit £3.8 billion, matching that of the industry, claim people familiar with the matter.



Supposedly, this level of assistance has the potential to unlock approximately £27 billion worth of industry investment by 2050.



According to reports, some top industry executives met with UK’s Business Secretary, Kwasi Kwarteng at the start of this month to explore what the sector can attain with additional funding ahead of next month's expenditure review.



One executive stated that the sector was willing to invest in the UK, but that firms required confirmation from the government of their long-term commitment, especially in the face of foreign competition.



Many have noted France and Germany's considerably more liberal level of funding for this sector during the COVID-19 pandemic, many of which are linked to decarbonization.



Around 80% of ongoing research initiatives, according to ATI, which comprises major and small industry players including Rolls-Royce, and Airbus as project partners, are helping to emissions reductions in some way.



Source credit: https://californianewstimes.com/aerospace-industry-warns-new-green-tech-projects-risk-leaving-uk/529612/

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Sunil Jha

Sunil Jha has been a part of the content industry for close to two years. Having previously worked as a voice over artist and sportswriter, he now focuses on writing articles for newsorigins.com, across a slew of topics, ranging from technology to trade and finance. With a business-oriented educational background, Sunil brings forth the expertise of deep-dive research and a strategic approach in his write ups.