UK registered SMEs can apply for a share of £2.5 million to develop innovative aerospace technologies. This competition is run by Innovate UK, the Aerospace Technology Institute and the Department for Business, Energy and Industrial Strategy.
Proposals must align with the priorities stated in the UK Aerospace technology strategy, Destination Zero. They will need to pass assessments by both Innovate UK and the Aerospace Technology Institute to be recommended for funding. Then, BEIS has the final funding decision.
Scope
Funding is available for innovative aerospace technologies that will enhance a SMEs capability and increase their ability to win new business in the civil aerospace sector. All projects must have a credible route to market and preferably have identified their end users. Additionally, all projects must:
- demonstrate improvement in business productivity and competitiveness
- show clear benefit technically
- be able to pull through new technology or processes for use in a current or future product or manufacturing process
- show clear benefit in creating or safeguarding jobs
- be able to enhance capabilities within the broader aerospace industry, as well as other sectors such as advanced manufacturing
Eligibility
All projects must fulfil the following criteria:
- have total costs between £150,000 and £300,000
- end before 31 Dec 2024
- last between 12 and 18 months
- carry out all project work in the UK and intend to exploit the results from or in the UK
The lead organisation must be a UK registered SME and they must collaborate with other UK registered organisations.
More Information
This competition is open from 14th November until 11th January. For more information, visit the competition page or join the briefing event on 16th November.
RedKnight has a strong track record of securing innovation funding and can help you develop a competitive application! If you would like to explore an application, please contact us in order to arrange a free consultation.
