Vertical Aerospace (a global aerospace and technology company that is pioneering zero-emissions aviation) announces it has been awarded £8 million ($10 million) in grant funding by the UK Government through the Aerospace Technology Institute (ATI) Programme, to develop its next-generation propellers for use on its VX4 aircraft.
The project is the third awarded to Vertical by the ATI Programme and brings total UK Government grant funding to £37 million ($47 million). This demonstrated a significant vote of confidence in Vertical’s potential to lead the next generation in aviation.
This award puts the UK at the heart of the future global market in urban air mobility, which promises to transform how people move around and between cities, providing a clean, green, and low-noise means of travel. And Vertical is pioneering these efforts through the VX4, with a new, more advanced and full-scale prototype currently in production.
The UK is a global leader in aerospace R&D and manufacturing, continuing its proud history in aviation. And this specific project will bring together the UK’s foremost experts and technical partners to further develop Vertical’s eVTOL propellor technology and propulsion system.
The final technology will be lower in weight, inertia and noise than the existing propellers, and be delivered to a higher safety standard than any model currently on the market.
This award follows Vertical’s recent announcement that Stephen Fitzpatrick committed to invest a further $50 million into the business to support the continued development of the aircraft programme. And taken together, Vertical’s announcements over the last month deliver approximately $60 million in additional committed funding.
This total investment into the propeller project is nearly £20 million, with Vertical having been awarded over £8 million, representing a contribution of 50% of Vertical’s eligible development costs. A further £3.5 million will be awarded to the other consortium members.
The consortium (led by Vertical) includes world-leading academic institutions: the University of Glasgow, the University of Bristol and Cranfield University, and the UK’s helicopter monitoring specialists, Helitune.
The ATI Programme is coordinated and managed by the Aerospace Technology Institute, the Department for Business and Trade (DBT), and Innovate UK, which is part of UK Research and Innovation. And Vertical has previously been awarded £26 million from the ATI Programme as well as £3 million from the Future Flight Challenge. The latest ATI Programme grant brings total UK Government support to £37 million.
KEY QUOTES:
“This exciting sustainable propeller project is a fantastic example of our commitment to our world-leading aviation sector, supporting high-skilled, high-paid jobs across the UK while developing technologies of the future.”
“When government and industry collaborate like this, we help our aerospace sector soar to new heights, leading the charge towards net zero air travel by 2050.”
- Industry Minister Nusrat Ghani MP
“This project will be another major step towards delivering the next generation of novel electric aviation technologies in Britain. With the support of the ATI Programme and our consortium partners, this project will keep the UK and Vertical at the forefront of aerospace innovation, electric aviation, and urban air mobility.”
- Stephen Fitzpatrick, Founder and CEO of Vertical Aerospace
“The project will see advancements in rotor technologies vital to the success of eVTOL aircraft developed here in the UK growing knowledge, skills and capability in the process. Through this investment the ATI Programme is enabling the development of ultra-efficient and cross-cutting technologies in a competitive global market expected to be worth £24bn to the UK up to 2050, accelerating the delivery of zero-emission aircraft on our journey to Destination Zero.”
- Mark Scully, Head of Technology – Propulsion and Advanced Systems, ATI
