Technology Strategy Board given a major role in maintaining UK's leading place in aerospace
26/03/2013 Innovate UK
The Technology Strategy Board, today (18 March) welcomed the Government's new industrial strategy for aerospace, pledging that the UK's innovation agency will play a full part in ensuring the UK stays at the forefront of this rapidly changing sector.Chief Executive Iain Gray said: "Aerospace is among the most technologically-demanding of sectors. It is one where innovation in processes, materials or technologies can give the developer a global competitive advantage. The creation of an Aerospace Technologies Institute will help the UK retain its leading role in this area.
"Within 20 years, the global aerospace market could be worth $4.5 trillion. The world wants cleaner, quieter, more efficient aircraft. The new Aerospace Technologies Institute can help ensure that the UK gets a large share of that business. The Technology Strategy Board, with its experience of leveraging the wealth of innovative ideas in the UK's business community, will play a full part in realising that potential."
The Aerospace Technologies Institute (ATI) will build on work already being carried out by the Technology Strategy Board. The Board will partner with the ATI to deliver new, large-scale projects by bringing together leading industrial and academic interests. A number of specialist programmes will also use the resources of the High Value Manufacturing Catapult, a technology and innovation centre established and overseen by the Technology Strategy Board.
For more information please visit: www.innovateuk.org
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