UK Government pledges broad package to anchor Vertical’s first full-scale production sites in the UK
Vertical Aerospace announced advanced discussions with the UK Government for a support package to anchor its first full-scale production sites in the UK, including a conditional £10M grant and export finance cooperation. The agreement brings total direct UK government backing to approximately £48M and involves cross-government engagement from the Ministry of Defence and Innovate UK to facilitate the transition to industrial scale-up.
Key figures
- Pre orders
- 1,500
- New grant gbp
- £10 million
- New grant usd
- $13.5 million
- Total jobs by 2035
- 2,200
- Direct jobs by 2030
- 700
- Total gov support gbp
- £48 million
- Total gov support usd
- $64 million
- Annual gva by 2035 gbp
- £3 billion
AI analysis
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