“UK aviation and aerospace welcomes the Government’s record-breaking funding commitment for the Aerospace Technology Institute (ATI). Over the next three years the ATI will receive £685 million, an increase of over 50% on the previous settlement. Industry will match this funding, delivering £1.3 billion for the development of new green technology during this vital period and as we lay the foundations for the first, hydrogen powered commercial flight targeted by 2035.

ATI funding has already supported the industry in the development of exciting next-generation aircraft, including those pioneering electric and hydrogen powered flight. UK aviation was the first in the world to commit to net zero by 2050, and progress on multiple fronts will help us to deliver this goal. Today’s commitment, alongside recent funding for Sustainable Aviation Fuels (SAF) and airspace modernisation, will help industry accelerate progress and ensure the UK continues to lead the world in making net zero flight a reality.

We also look forward to seeing the Government introduce the mandate and price support mechanism for sustainable aviation fuel (SAF) – needed this year – which will open up big economic opportunities for the UK as well as also helping us reach our net zero goals.”