£30m in funding will be provided by the government, which will be matched by industry.
The chancellor said, Up to 27,000 new planes are needed between now and 2030, worth billions of pounds to the
With this aerospace facility, the firms will be able to develop new materials like lightweight carbon fibre for use in planes, jet engines and civil helicopters to be exported across the globe.
Additionally, the funding will go towards supporting the development of a national centre for Additive Manufacturing to create new products for aero-engines and aircraft landing gears, and automotive and medical devices.
The investment comes part of the £2bn of joint government and industry funding for the
It is clear that industry recognises and embraces the opportunities that we offer and this latest expansion of capability at the MTC is a tremendous new resource which will help the
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