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<p>The Government recognises the value of British engineering capability and innovation.
That is why we have already invested nearly £2 billion in the Aerospace Technology
Institute Programme, providing advice on market opportunities and technology. We have
also committed with industry around £1 billion through the Advanced Propulsion Centre,
to research, develop, and commercialise the next generation of low carbon technologies
to keep the UK at the cutting edge of low carbon automotive innovations. We are also
supporting the innovation of digital design through the £147 million Manufacturing
Made Smarter Challenge.</p><p> </p><p>At the last Budget, we set out plans for public
investment in research and development to reach £22 billion each year by 2024/25,
which is a record increase in spending.</p><p> </p><p>As part of the upcoming Spending
Review we will consider proposals for this investment, of which the Brunel Challenge
and slingshot is one of many.</p>
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