Part of Business and Trade – in the House of Commons am ar 2 Mai 2024.
I thank my hon. Friend, who I know is a strong champion of aerospace exports in this House. Last year’s autumn statement extended the aerospace technology programme budget by a further five years, with an additional £975 million of new R&D funding from 2025 through to 2030. As part of this vote of confidence in the UK civil space sector, our trade missions and trade promotion activities by my Department and our embassies around the world continue to help companies with export contracts worth millions of pounds.