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£2.5bn Boost for Rolls-Royce to Develop 'Next-Generation' Gas Turbine Engines
The 10-year program aims to support 3,300 jobs by 2029 and could add £120 billion to the UK economy, officials said.
- On Wednesday, Chancellor John Healey announced a £2.5 billion joint investment with Rolls-Royce to develop next-generation jet engines for the narrowbody aircraft market, marking a major commitment to British aerospace manufacturing.
- Rolls is targeting the £1.6 trillion narrowbody market it exited in 2012, after negotiations previously stalled under former Prime Minister Keir Starmer, sparking fears the company would develop engines overseas.
- The deal supports 3,300 high-value jobs by the end of 2029, with promises of tens of thousands more roles if engines secure a position on new narrowbody aircraft, adding £120 billion to the UK economy.
- Chief Executive Tufan Erginbilgic hailed the agreement as a "landmark moment," emphasizing the partnership is vital for the UK to remain one of only two countries capable of designing and servicing commercial airliner engines.
- Rolls will select UK sites for state-of-the-art engine assembly and testing facilities, with these engines targeted for narrowbody aircraft expected to enter commercial service in the mid-to-late 2030s.
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MP vows to fight for Barnoldswick jobs after £2.5 billion Rolls-Royce deal in Budget
Clitheroe and Pendle MP Jonathan Hinder has pledged to fight for new investment and jobs in Barnoldswick after the Government announced a £2.5 billion partnership with Rolls-Royce to develop the next generation of aircraft engines.
·Blackburn, United Kingdom
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Rolls-Royce and UK Government plan £2.5bn aerospace programme
Rolls-Royce and the UK Government have announced plans for a 10-year, £2.5 billion research and technology programme aimed at developing next-generation jet engines and expanding advanced manufacturing capabilities across the UK. The proposed investment will focus on more efficient, lower-emission gas turbine technologies for civil and defence aerospace, including an engine demonstrator project. A key […]
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Total News Sources22
Leaning Left0Leaning Right3Center6Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
C 67%
R 33%
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