Defense & Aerospace
UK government to provide £4.7 billion in funding to AI and Aerospace sectors
The UK government have announced plans to provide £4.7 billion of funding to AI and aerospace sectors over the next four years, as part of efforts to help support and stimulate development within these sectors.
As part of the industrial strategy manifesto, the expenditure will focus on strengthening research within global and commercial businesses, supporting key industrial areas such as manufacturing, aerospace, and AI.
By improving key sectors, such as UK manufacturing, it is hoped that organisations will be better able to provide key materials and resources that are crucial for the success of future sustainable projects.
At present, £93 million has been spent on developing robotic systems that can survive, and function, in some of the planet’s most inhospitable locations. These modern technologies can already be applied to a variety of fields, including energy, exploration, and resource extraction. This varied applicability across sectors will only increase as technologies become more advanced, adaptable, and efficient.
The government will also be investing £38 million in new, collaborative research and development projects. This will support advancements in the manufacturing of vehicles and automation, specifically including technologies such as AI control systems for driverless cars.
Another large part of financial investment includes the provision of £26 million for research and development programmes linked to the creation of space industry technologies. As part of this, a satellite test facility will be established to support the UK’s civil aerospace industry and its operations.
Greg Clark, Secretary of State for Business, Energy, and Industrial Strategy said on the announcement:
“The UK is home to some of the world’s best innovators at the very forefront of global excellence. The funding I am announcing today, providing hundreds of millions of pounds of support to develop the next generation of technologies across a range of sectors, shows our determination and commitment to making sure the UK remains at the very forefront of research innovation for years to come’’.
The above, along with the actual funding announcement, show the government’s desire for the UK to be a global leader in international technology markets and development.