Aerospace giant Rolls-Royce has been awarded the most innovation funding of any UK company over the last 18 years, new research suggests.
The company, which has its UK sites in Filton, near Bristol, and Derby, has been handed £689m by Innovate UK over nearly two decades - equivalent to nearly £38.2m each year. It is over four times more than any other company has received for their innovation projects, and accounts for 7% of all funding awarded by the government's innovation agency.
In July, Rolls-Royce announced it was in the final stages of building the world's largest jet engine. Significant investment has been made to develop the UltraFan demonstrator and associated technologies by Rolls-Royce and a variety of funding agencies.
