The UK government's Business and Trade Secretary, Jonathan Reynolds, has unveiled a funding of just under £103 million to support groundbreaking green aerospace technology projects at the 2024 Farnborough Airshow. This initiative, part of the new Industrial Strategy, aims to boost the aerospace and advanced manufacturing sectors. The funding will be directed towards five major R&D projects led by industry giants like GKN Aerospace, Queens University, Rolls-Royce, Short Brothers, and ZeroAvia. These projects focus on advancing innovations in zero emission hydrogen-powered flight, sustainable propulsion systems, and advanced turbine technologies. The investment is anticipated to create numerous high-skilled jobs and attract additional investments to the UK's aerospace industry. Recent data from the aerospace industry's trade body ADS revealed that the sector contributed £38 billion to the UK economy in 2023. This move not only drives economic growth but also positions the UK as a leader in global aerospace innovation. Aerospace Technology Institute CEO Gary Elliott and Rolls-Royce Director of Research and Technology Alan Newby have both praised the initiative for its commitment to sustainable aviation and economic development. The projects funded aim to accelerate technology development, enhance manufacturing capabilities, strengthen the supply chain, and ensure sustained economic benefits for the UK. The focus on cutting-edge technologies like zero emission flight and advanced fuel systems aligns with the UK's Net Zero targets and supports future growth opportunities.