1-6 of 6 results for subject:"Reaction Engines"
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To ask the Secretary of State for Business and Trade, what steps he is taking to safeguard intellectual property for the UK following the collapse of Reaction Engines.
To ask the Secretary of State for Business and Trade, what steps he is taking to safeguard intellectual property for the UK following the collapse of Reaction Engines.
The Government recognises that the UK’s aerospace and space industry is world-leading. Although the Government cannot comment on individual commercial cases, where appropriate officials will work with companies and administrators to consider how best to retain valuable Intellectual Property in the UK.
To ask the Secretary of State for Defence, what assessment he has made of the impact of the collapse of Reaction Engines Ltd on the UK Hypersonic Air Vehicle programme.
To ask the Secretary of State for Defence, what assessment he has made of the impact of the collapse of Reaction Engines Ltd on the UK Hypersonic Air Vehicle programme.
The Ministry of Defence is in discussion with the Administrators appointed by Reaction Engines Ltd. However, these discussions are commercial-in-confidence and I cannot disclose further details.
To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the effectiveness of the Government's £60 million investment in the development of an aerospace engine by Reaction Engines Limited; and whether further investment is planned.
To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the effectiveness of the Government's £60 million investment in the development of an aerospace engine by Reaction Engines Limited; and whether further investment is planned.
The Government’s investment is being used by Reaction Engines Limited to fund the development of their aerospace engine – SABRE (Synergetic Air-Breathing Rocket Engine). Progress is monitored closely by the UK Space Agency and the project is on schedule for testing of the core engine technology in 2020.
Confidence in the technology has grown through the £60 million investment from Government, together with the substantial technical progress. This has directly led to Reaction Engines Limited recently securing additional investment from major aerospace companies and financial organisations. No decisions have been made concerning any potential further investment by the Government.
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.
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.
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.