Written question asked by Daniel Zeichner (Labour) on Monday, 12 September 2016, in the House of Commons. It was due for an answer on Wednesday, 14 September 2016. It was answered by Lord Johnson of Marylebone (Conservative) on Wednesday, 28 September 2016 on behalf of the Department for Business, Energy and Industrial Strategy.
Reaction Engines: Finance
- Question
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To ask the Secretary of State for Business, Energy and Industrial Strategy, for what reason the Government's £60 million investment in Reaction Engines to help support the development of SABRE, as announced on 16 July 2013, has been delayed.
- Answer
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The announcement in July 2013 was an in principle decision to fund, subject to the development of a suitable business case. The reason the funding was not disbursed sooner was because Reaction Engines had not produced a business case that met the Government’s requirements.
The funding for SABRE was confirmed to Reaction Engines as a grant in December 2015, and milestone payments began in April 2016.
Secondary information
- Type
- Written question
- Reference
- 46025
- Session
- 2016-17
- Subjects
- Finance Reaction Engines
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2016-10-22 14:19:36 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2016-17/46025
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