UK Government Awards Grant to Vertical Aerospace and Partners for Next-Generation Electric Aviation and Advanced Air Mobility Corridor
Reuters
Sep 29
UK Government Awards Grant to <a href="https://laohu8.com/S/EVTL">Vertical Aerospace</a> and Partners for Next-Generation Electric Aviation and Advanced Air Mobility Corridor
**Vertical Aerospace and Partners Receive UK Government Funding for Next-Generation Aviation** Vertical Aerospace Ltd. (NYSE: EVTL) has announced that it, along with several partners, has secured UK government funding to advance zero-emission aircraft and vertical take-off and landing $(VTOL)$ technology. The funding comes as part of the UK Department for Transport's Future Flight programme, delivered by Innovate UK. The grant supports the "OxCam AAM Corridor" demonstrator project, a collaborative initiative involving Vertical Aerospace, Skyports, Bristow Helicopters, NATS, and Oxfordshire County Council. The project aims to accelerate the transition from trial flights to commercially viable regional operations using Vertical Aerospace's VX4 aircraft, with test flights planned as part of the project. This investment is part of the UK government's broader commitment of £2.3 billion over 10 years to the Aerospace Technology Institute programme, designed to secure the UK's global leadership in sustainable aviation.
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