Responding to today’s statement by the Chancellor, ADS Chief Executive Kevin Craven said:

“Today’s welcome commitment to extend Aerospace Technology Institute funding to 2031 recognises the need for long-term partnership to achieve our net zero goals and make the UK a global leader in green aerospace technology.

“Support for cutting edge aerospace innovation will sustain jobs, level up opportunities in every part of the country, and help to secure billions of pounds in industry investment.

“Our members will be looking for early clarity on an ATI funding level that matches industry ambitions here in the UK to deliver net zero aviation.”