A total of six projects will benefit from a government investment of £80m to propel growth in key areas of technology, with an additional £20m going towards courses and apprenticeships.
The projects include Formula 1 experts teaming up with jet engine makers and aircraft landing gears that could cut running costs and carbon emissions.
The announcement was made by Business Secretary Vince Cable as part of an ambitious plan for the aerospace sector to deliver technological innovation.
“Government is working in partnership with big businesses like Airbus, GKN and Bombardier on an aerospace industrial strategy to give business the confidence to invest and create long-term jobs in the UK,” said Cable.
The funding comes from a £2bn pot committed jointly by industry and government as part of the industrial strategy and involves 18 companies, 11 academic or research institutions and five catapult centres from across the UK.
“Aerospace is a UK success story with a 17 per cent share of a fast-growing global market,” said Paul Everitt, chief executive of ADS Group.
“The unique collaboration between government and industry to encourage investment in innovation, skills and the supply chain, is making the UK a more competitive location.”
The £20m investment in education and skills at all levels, aims to create new high-tech courses, apprenticeships and career opportunities for young people thinking of going into the aerospace industry.
You can read the full breakdown of the six projects that will receive funding from the Aerospace Technology Institute (ATI) here.