British aerospace funding competition spurs innovation
The Technology Strategy Board, the UK’s innovation agency, is managing a competition to spur innovation in the British aerospace industry. The total prize of up to £25 million will co-fund research and development projects that support the Aerospace Industrial Strategy, published in March 2013.
Part of this strategy includes the commitment to create an Aerospace Technology Institute which will seek to encourage growth in the aerospace sector from major civil programmes. The aerospace industry is one of the strongest parts of the UK’s advanced manufacturing sector, and the competition will allow it to continue to retain the international status that it currently holds.
As applications are invited from all companies across the aerospace supply chain this is a good opportunity for any supplier to make a contribution to new and innovative ways to grow the aerospace sector. This is an example of the way in which the public sector can encourage innovation from the private sector, as part of a dialogue between suppliers and procurers.
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