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<p>A research consortium led by Vertical Aerospace, including four universities, was
awarded an Aerospace Technology Institute (ATI) Programme grant to develop propeller
technology.</p><p>The ATI Programme co-funds UK research and development activity
with industry to develop zero-carbon and ultra-efficient aircraft technology. Grants
are awarded after a competitive process, with only the best projects recommended -
those that offer real innovation, emissions reduction and tangible economic benefits
to the UK.</p><p>Due diligence checks are completed ahead of all awards, with grants
paid in arrears based on activity delivered against an agreed plan. Safeguards are
in place in the event of business failure.</p>
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