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£10m push for aviation to give small firms wings

The government has set up a £10m fund to encourage small firms to play a bigger role in Britain's aerospace industry. The money will go to the winners of a competition for developing 'game-changing' technologies for the aviation industry. The small business stimulus was one of three aerospace-related developments announced by business minister Anna Soubry during a visit to Coventry yesterday. The Department for Business, Innovation & Skills hopes the competition will help identify new potential market entrants. Bidding for the competition cash gets under way next week. Innovate UK is running the event and searching for what it describes as 'novel ideas in aerospace technology' that are capable of moving from the world of research to commercial application. The net is being spread widely, with the competition open to university establishments, research and technology organisations, and small firms.

 

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