Chancellor announces £60m to make UK world leader in aerospace technology

The Chancellor, George Osborne has announced £60million of new funding for the development of new high-tech aerospace technology at the Manufacturing Technology Centre (MTC) in Coventry. 


The Chancellor, George Osborne has announced £60million of new funding for the development of new high-tech aerospace technology at the Manufacturing Technology Centre (MTC) in Coventry. 

The government will provide £30 million in funding, which will be matched by industry. It is one of the ways government and industry are working together through the aerospace industrial strategy to give businesses the confidence to invest, creating more high-skilled, long-term jobs in the UK.

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