AgustaWestland in line for £46 million from UK Government

                             AgustaWestland Yeovil
AgustaWestland has announced that it will go forward to the contracting phase for their bid of up to £46 million from the Government’s regional growth fund (RGF). The combined RGF and AgustaWestland investment of more than £100 million will create a brand new industry sector in the UK with the establishment of a Civil Helicopter Hub.

The funding will support the design and development in the UK of advanced technologies in the field of tiltrotor systems integration and for increasing the performance of tiltrotors, which combine the benefits of a helicopter and an aeroplane in one aircraft.

UK Government Business Secretary Vince Cable said: “Advanced manufacturing is important to the future of our economy and the Government is determined to get behind it through our industrial strategy. Our work with industry through the Aerospace Growth Partnership has identified boosting exports and growing high value jobs as priorities – that is exactly what AgustaWestland’s exciting projects can deliver. “Targeted support through the Regional Growth Fund can really help world leading companies like AgustaWestland to continue to compete with the very best.”

Ray Edwards, managing director, AgustaWestland said: “Today’s announcement marks the start of a new era for Britain’s rotorcraft industry. This funding and the investment being made by AgustaWestland will enable the UK to become a key player in the growing commercial rotorcraft sector.” He added “We welcome the support of the RGF and Government as we are committed to helping develop further the UK Civil Aerospace industry through the work undertaken by the Aerospace Growth Partnership. It is this type of positive collaboration of industry and the Government that will help create a long term strategy and a shared vision for UK aerospace.”

The Civil Helicopter Facility will include a commercial helicopter final assembly line, helicopter maintenance facility, helicopter training academy in conjunction with the Aerohub at Newquay Cornwall Airport, and a helicopter Research and Development (R&D) Centre in conjunction with industry and academia.

The Government funding will support the design and development work for the AW609 TiltRotor and future tiltrotor designs. This project will allow UK industry and academia to be involved in the most advanced and innovative aerospace programme of today. The AW609 TiltRotor is set to revolutionise flying by combining the benefits of a helicopter and an aeroplane and it will be the world’s first high speed commercial rotorcraft to enter the market following certification in 2016.

Terry Spruce

Terry is Senior News Editor and writes for both Corporate Jet Investor and Helicopter Investor. He is also responsible for our helicopter guides. Terry has been an aviation enthusiast since the early 1970s. He is a lapsed Private Pilot and ex-Piper Cherokee owner. He has flown a number of light aircraft and is comfortable sitting in the co-pilot's seat or the back of any aircraft. Before moving to journalism he was a banker for 20 years. You can contact him at: terry@corporatejetinvestor.com or follow him on twitter @Terry_Spruce

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