Speaking at the Farnborough Air Show today, Business Secretary Greg Clark announced £343m of government and industry-backed funding is to be invested in a wide range of new research programmes, including a number of projects designed to slash the environmental impact of new planes. Around £255m of funding from the Aerospace Technology Institute (ATI) and UK Research & Innovation (UKRI) has been earmarked for 18 new projects, including £58m for a flagship electrification project and a £70m for a new project designed to « set new benchmarks in fuel efficiency, CO2 reductions and significant cut backs in engine noise ».

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