Electric flying taxi company gets another £8m from government

Vertical Aerospace’s VX4 electric prototype. The share price is more than 90% down in a year Photograph: PR

Britain’s flying taxi pioneer, Vertical Aerospace, has been handed another £8m grant from the government, taking its total taxpayer backing to £37m as it tries to get its electric aircraft off the ground.

The company said the funding to develop the propellers for its electric vertical take-off and landing (eVtol) aircraft was a “vote of confidence” in its technology, despite recent struggles.