Press release

27 Oct 2021 London, GB

R&D Investment: Additional R&D funding a major step forward for low and zero emissions tech and sustainable aviation fuels development

The additional funding for R&D to support decarbonisation is very positive. It is critical that the UK develops the intellectual property that can help in this space.

Press contact
Nick Cosgrove

Senior Manager, Media Relations, Ernst & Young LLP

Professional services corporate communications specialist. Reluctant dog owner and long-suffering Watford fan.

Related topics Tax Sustainability

Peter Matthews, EY UK&I Advanced Manufacturing & Mobility Leader, comments on the additional Research & Development support announced by the Chancellor in the Budget, and its impact on aviation:

“The additional funding for R&D to support decarbonisation is very positive. It is critical that the UK develops the intellectual property that can help in this space. The additional funding represents a major step forward, both for the R&D to help commercialise low and zero emissions technologies, and also to further the development of sustainable aviation fuels.

“With the focus on aviation and the challenges for that sector to decarbonise – given the alternatives to the current means of propulsion are in their early stages – it is vital that sustainable aviation fuel development is accelerated as this is the most effective way for the sector to make progress in the short term.”

Autumn Budget 2021

To find out more about the latest Budget developments, visit our dedicated web page

Learn more