Aerospace organisations across the nations and regions of the UK are set to benefit from a funding programme tailored to the needs of SMEs.
The SME Programme, which sits alongside the ATI’s existing Strategic Programme, opens to applications in February 2024 and will offer grants of up to £1.5 million. The competitive funding programme is designed to maximise benefits to SMEs and support and encourage industrial investment into the aerospace sector and its supply chain, through the funding of innovative and high impact projects.
A streamlined application process and grant funding weighted towards smaller organisations will engage the national aerospace ecosystem, building collaborative project partnerships and accelerating the development of ultra-efficient, zero-carbon and cross-cutting aerospace technologies.
SMEs will be eligible to apply for a greater percentage of overall project costs and will receive at least 50% of each grant awarded.
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